This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $154k initial cash invested.
-12.33%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$4,016
Rent
-$1,587
Cashflow
Cash Flow
$4,016 income − $5,603 expenses = $1,587 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
$4,016
Total Expenses
$5,603
Mortgage P&I
88%
$3,549
Property Taxes
11%
$460
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442