This property looks like a bad Mid-Term investment with a projected -20.71% first-year return on $155k initial cash invested.
-20.71%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$2,450
Rent
-$2,677
Cashflow
Cash Flow
$2,450 income − $5,127 expenses = $2,677 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,530
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$5,127
Mortgage P&I
147%
$3,590
Property Taxes
19%
$465
Home Insurance
10%
$238
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270