This property looks like a bad Mid-Term investment with a projected -16.76% first-year return on $154k initial cash invested.
-16.76%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$2,598
Rent
-$2,158
Cashflow
Cash Flow
$2,598 income − $4,756 expenses = $2,158 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,598
Total Expenses
$4,756
Mortgage P&I
128%
$3,314
Property Taxes
13%
$330
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286