This property looks like a bad Mid-Term investment with a projected -13.94% first-year return on $155k initial cash invested.
-13.94%
Cash On Cash
3.36%
Cap Rate
0.53
DSCR
$3,780
Rent
-$1,795
Cashflow
Cash Flow
$3,780 income − $5,575 expenses = $1,795 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
$3,780
Total Expenses
$5,575
Mortgage P&I
92%
$3,466
Property Taxes
16%
$596
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416