This property looks like a bad Mid-Term investment with a projected -16.22% first-year return on $155k initial cash invested.
-16.22%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$3,730
Rent
-$2,088
Cashflow
Cash Flow
$3,730 income − $5,818 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,730
Total Expenses
$5,818
Mortgage P&I
96%
$3,573
Property Taxes
20%
$749
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410