This property looks like a bad Mid-Term investment with a projected -14.71% first-year return on $154k initial cash invested.
-14.71%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$3,384
Rent
-$1,894
Cashflow
Cash Flow
$3,384 income − $5,278 expenses = $1,894 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,384
Total Expenses
$5,278
Mortgage P&I
106%
$3,571
Property Taxes
9%
$308
Home Insurance
7%
$228
HOA
1%
$21
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$372