This property looks like a bad Mid-Term investment with a projected -15.55% first-year return on $154k initial cash invested.
-15.55%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$3,110
Rent
-$2,001
Cashflow
Cash Flow
$3,110 income − $5,111 expenses = $2,001 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,495
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$5,111
Mortgage P&I
112%
$3,488
Property Taxes
11%
$340
Home Insurance
7%
$227
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342