This property looks like a bad Mid-Term investment with a projected -15.32% first-year return on $155k initial cash invested.
-15.32%
Cash On Cash
3.47%
Cap Rate
0.51
DSCR
$3,381
Rent
-$1,973
Cashflow
Cash Flow
$3,381 income − $5,354 expenses = $1,973 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,381
Total Expenses
$5,354
Mortgage P&I
110%
$3,716
Property Taxes
7%
$253
Home Insurance
7%
$228
HOA
0%
$8
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372