This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $155k initial cash invested.
-8.47%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$5,338
Rent
-$1,091
Cashflow
Cash Flow
$5,338 income − $6,429 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,338
Total Expenses
$6,429
Mortgage P&I
67%
$3,572
Property Taxes
15%
$813
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$587