This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $155k initial cash invested.
-2.45%
Cash On Cash
6.26%
Cap Rate
0.98
DSCR
$5,919
Rent
-$315
Cashflow
Cash Flow
$5,919 income − $6,234 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,919
Total Expenses
$6,234
Mortgage P&I
59%
$3,468
Property Taxes
9%
$525
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651