This property looks like a bad Mid-Term investment with a projected -15.58% first-year return on $155k initial cash invested.
-15.58%
Cash On Cash
2.66%
Cap Rate
0.44
DSCR
$3,410
Rent
-$2,010
Cashflow
Cash Flow
$3,410 income − $5,420 expenses = $2,010 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,516
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$5,420
Mortgage P&I
97%
$3,319
Property Taxes
4%
$134
Home Insurance
7%
$234
HOA
17%
$575
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375