This property looks like a bad Mid-Term investment with a projected -11.33% first-year return on $154k initial cash invested.
-11.33%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$3,903
Rent
-$1,459
Cashflow
Cash Flow
$3,903 income − $5,362 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,903
Total Expenses
$5,362
Mortgage P&I
90%
$3,532
Property Taxes
7%
$276
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429