This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $155k initial cash invested.
-9.95%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$4,814
Rent
-$1,281
Cashflow
Cash Flow
$4,814 income − $6,095 expenses = $1,281 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
$4,814
Total Expenses
$6,095
Mortgage P&I
74%
$3,572
Property Taxes
14%
$657
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530