This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $154k initial cash invested.
-11.71%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,798
Rent
-$1,508
Cashflow
Cash Flow
$3,798 income − $5,306 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,798
Total Expenses
$5,306
Mortgage P&I
92%
$3,509
Property Taxes
7%
$277
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418