This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $155k initial cash invested.
-9.9%
Cash On Cash
4.1%
Cap Rate
0.68
DSCR
$5,156
Rent
-$1,274
Cashflow
Cash Flow
$5,156 income − $6,430 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,156
Total Expenses
$6,430
Mortgage P&I
64%
$3,287
Property Taxes
23%
$1,162
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567