This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $220k initial cash invested.
-14.27%
Cash On Cash
3%
Cap Rate
0.5
DSCR
$4,695
Rent
-$2,620
Cashflow
Cash Flow
$4,695 income − $7,315 expenses = $2,620 out of pocket
Investment Breakdown
|
Purchase Price
$964k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$193k
Closing costs
1%
$9,635
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,695
Total Expenses
$7,315
Mortgage P&I
103%
$4,843
Property Taxes
9%
$420
Home Insurance
8%
$385
HOA
2%
$71
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516