This property looks like a bad Mid-Term investment with a projected -16.41% first-year return on $155k initial cash invested.
-16.41%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,667
Rent
-$2,113
Cashflow
Cash Flow
$2,667 income − $4,780 expenses = $2,113 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,667
Total Expenses
$4,780
Mortgage P&I
133%
$3,536
Property Taxes
4%
$109
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293