This property looks like a bad Mid-Term investment with a projected -17.23% first-year return on $220k initial cash invested.
-17.23%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$4,852
Rent
-$3,154
Cashflow
Cash Flow
$4,852 income − $8,006 expenses = $3,154 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,852
Total Expenses
$8,006
Mortgage P&I
106%
$5,148
Property Taxes
18%
$872
Home Insurance
7%
$336
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534