This property looks like a bad Mid-Term investment with a projected -16.53% first-year return on $155k initial cash invested.
-16.53%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$3,094
Rent
-$2,128
Cashflow
Cash Flow
$3,094 income − $5,222 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,094
Total Expenses
$5,222
Mortgage P&I
111%
$3,420
Property Taxes
16%
$505
Home Insurance
7%
$228
HOA
1%
$17
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340