This property looks like a bad Mid-Term investment with a projected -20.05% first-year return on $154k initial cash invested.
-20.05%
Cash On Cash
1.83%
Cap Rate
0.29
DSCR
$2,586
Rent
-$2,581
Cashflow
Cash Flow
$2,586 income − $5,167 expenses = $2,581 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$5,167
Mortgage P&I
134%
$3,467
Property Taxes
23%
$594
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284