This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $154k initial cash invested.
-7.83%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$5,116
Rent
-$1,008
Cashflow
Cash Flow
$5,116 income − $6,124 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,116
Total Expenses
$6,124
Mortgage P&I
69%
$3,522
Property Taxes
12%
$634
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563