This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $154k initial cash invested.
-8.21%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$5,025
Rent
-$1,056
Cashflow
Cash Flow
$5,025 income − $6,081 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,497
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,025
Total Expenses
$6,081
Mortgage P&I
72%
$3,641
Property Taxes
10%
$484
Home Insurance
5%
$247
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553