This property looks like a bad Mid-Term investment with a projected -14.3% first-year return on $154k initial cash invested.
-14.3%
Cash On Cash
3.04%
Cap Rate
0.49
DSCR
$3,034
Rent
-$1,841
Cashflow
Cash Flow
$3,034 income − $4,875 expenses = $1,841 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,034
Total Expenses
$4,875
Mortgage P&I
111%
$3,365
Property Taxes
5%
$143
Home Insurance
8%
$228
HOA
4%
$108
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334