This property looks like a bad Mid-Term investment with a projected -20.83% first-year return on $154k initial cash invested.
-20.83%
Cash On Cash
1.45%
Cap Rate
0.23
DSCR
$1,708
Rent
-$2,681
Cashflow
Cash Flow
$1,708 income − $4,389 expenses = $2,681 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,498
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,708
Total Expenses
$4,389
Mortgage P&I
199%
$3,398
Property Taxes
11%
$184
Home Insurance
13%
$227
HOA
0%
$0
Property Management
12%
$205
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$188