This property looks like a bad Mid-Term investment with a projected -14.32% first-year return on $155k initial cash invested.
-14.32%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$3,680
Rent
-$1,844
Cashflow
Cash Flow
$3,680 income − $5,524 expenses = $1,844 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,680
Total Expenses
$5,524
Mortgage P&I
96%
$3,523
Property Taxes
14%
$522
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405