This property looks like a bad Mid-Term investment with a projected -15.95% first-year return on $154k initial cash invested.
-15.95%
Cash On Cash
2.56%
Cap Rate
0.42
DSCR
$2,606
Rent
-$2,051
Cashflow
Cash Flow
$2,606 income − $4,657 expenses = $2,051 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$4,657
Mortgage P&I
128%
$3,333
Property Taxes
8%
$211
Home Insurance
9%
$227
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287