This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $155k initial cash invested.
-13.11%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$3,417
Rent
-$1,689
Cashflow
Cash Flow
$3,417 income − $5,106 expenses = $1,689 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,504
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,417
Total Expenses
$5,106
Mortgage P&I
101%
$3,445
Property Taxes
8%
$278
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376