This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $154k initial cash invested.
-9.03%
Cash On Cash
4.15%
Cap Rate
0.69
DSCR
$3,662
Rent
-$1,162
Cashflow
Cash Flow
$3,662 income − $4,824 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,662
Total Expenses
$4,824
Mortgage P&I
89%
$3,264
Property Taxes
2%
$88
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403