This property looks like a bad Mid-Term investment with a projected -12.35% first-year return on $155k initial cash invested.
-12.35%
Cash On Cash
3.6%
Cap Rate
0.57
DSCR
$3,670
Rent
-$1,600
Cashflow
Cash Flow
$3,670 income − $5,270 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,545
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,670
Total Expenses
$5,270
Mortgage P&I
93%
$3,418
Property Taxes
8%
$289
Home Insurance
9%
$315
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404