This property looks like a bad Mid-Term investment with a projected -17.72% first-year return on $155k initial cash invested.
-17.72%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$2,680
Rent
-$2,281
Cashflow
Cash Flow
$2,680 income − $4,961 expenses = $2,281 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,680
Total Expenses
$4,961
Mortgage P&I
137%
$3,668
Property Taxes
6%
$154
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295