This property looks like a bad Mid-Term investment with a projected -8.05% first-year return on $155k initial cash invested.
-8.05%
Cash On Cash
4.83%
Cap Rate
0.76
DSCR
$4,966
Rent
-$1,036
Cashflow
Cash Flow
$4,966 income − $6,002 expenses = $1,036 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
$4,966
Total Expenses
$6,002
Mortgage P&I
69%
$3,451
Property Taxes
13%
$634
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546