This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $155k initial cash invested.
-14.52%
Cash On Cash
3.09%
Cap Rate
0.49
DSCR
$2,898
Rent
-$1,870
Cashflow
Cash Flow
$2,898 income − $4,768 expenses = $1,870 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
$2,898
Total Expenses
$4,768
Mortgage P&I
118%
$3,428
Property Taxes
4%
$126
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319