This property looks like a bad Mid-Term investment with a projected -11.82% first-year return on $154k initial cash invested.
-11.82%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$3,908
Rent
-$1,522
Cashflow
Cash Flow
$3,908 income − $5,430 expenses = $1,522 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,908
Total Expenses
$5,430
Mortgage P&I
92%
$3,591
Property Taxes
6%
$225
Home Insurance
6%
$228
HOA
1%
$58
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430