This property looks like a bad Mid-Term investment with a projected -17.65% first-year return on $155k initial cash invested.
-17.65%
Cash On Cash
2.69%
Cap Rate
0.4
DSCR
$2,698
Rent
-$2,273
Cashflow
Cash Flow
$2,698 income − $4,971 expenses = $2,273 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,698
Total Expenses
$4,971
Mortgage P&I
134%
$3,620
Property Taxes
8%
$205
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297