This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $155k initial cash invested.
-6.45%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$6,194
Rent
-$830
Cashflow
Cash Flow
$6,194 income − $7,024 expenses = $830 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
$6,194
Total Expenses
$7,024
Mortgage P&I
58%
$3,573
Property Taxes
16%
$996
Home Insurance
4%
$228
HOA
2%
$121
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681