This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $154k initial cash invested.
-8.27%
Cash On Cash
4.57%
Cap Rate
0.74
DSCR
$4,876
Rent
-$1,064
Cashflow
Cash Flow
$4,876 income − $5,940 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,876
Total Expenses
$5,940
Mortgage P&I
69%
$3,345
Property Taxes
15%
$710
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536