This property looks like a bad Mid-Term investment with a projected -18.02% first-year return on $220k initial cash invested.
-18.02%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$3,657
Rent
-$3,298
Cashflow
Cash Flow
$3,657 income − $6,955 expenses = $3,298 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,603
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,657
Total Expenses
$6,955
Mortgage P&I
133%
$4,876
Property Taxes
12%
$451
Home Insurance
11%
$385
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402