This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $155k initial cash invested.
-4.43%
Cash On Cash
5.68%
Cap Rate
0.9
DSCR
$5,542
Rent
-$570
Cashflow
Cash Flow
$5,542 income − $6,112 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,542
Total Expenses
$6,112
Mortgage P&I
62%
$3,425
Property Taxes
10%
$574
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610