This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $154k initial cash invested.
-7.53%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$4,834
Rent
-$969
Cashflow
Cash Flow
$4,834 income − $5,803 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,834
Total Expenses
$5,803
Mortgage P&I
71%
$3,433
Property Taxes
10%
$499
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532