This property looks like a bad Mid-Term investment with a projected -19.44% first-year return on $155k initial cash invested.
-19.44%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$2,522
Rent
-$2,503
Cashflow
Cash Flow
$2,522 income − $5,025 expenses = $2,503 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
$2,522
Total Expenses
$5,025
Mortgage P&I
142%
$3,569
Property Taxes
15%
$370
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277