This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $155k initial cash invested.
-8.92%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$4,916
Rent
-$1,148
Cashflow
Cash Flow
$4,916 income − $6,064 expenses = $1,148 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
$4,916
Total Expenses
$6,064
Mortgage P&I
70%
$3,451
Property Taxes
13%
$634
Home Insurance
5%
$228
HOA
2%
$79
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$147
Maintenance
4%
$197
Other
11%
$541