This property looks like a bad Mid-Term investment with a projected -17.55% first-year return on $154k initial cash invested.
-17.55%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$2,210
Rent
-$2,256
Cashflow
Cash Flow
$2,210 income − $4,466 expenses = $2,256 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,210
Total Expenses
$4,466
Mortgage P&I
156%
$3,437
Property Taxes
1%
$33
Home Insurance
10%
$227
HOA
1%
$19
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243