This property looks like a bad Mid-Term investment with a projected -13.65% first-year return on $155k initial cash invested.
-13.65%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$3,585
Rent
-$1,757
Cashflow
Cash Flow
$3,585 income − $5,342 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,585
Total Expenses
$5,342
Mortgage P&I
99%
$3,551
Property Taxes
10%
$345
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394