This property looks like a bad Mid-Term investment with a projected -23.58% first-year return on $154k initial cash invested.
-23.58%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$2,661
Rent
-$3,036
Cashflow
Cash Flow
$2,661 income − $5,697 expenses = $3,036 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,661
Total Expenses
$5,697
Mortgage P&I
127%
$3,385
Property Taxes
44%
$1,180
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293