This property looks like a bad Mid-Term investment with a projected -22.4% first-year return on $155k initial cash invested.
-22.4%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$2,016
Rent
-$2,884
Cashflow
Cash Flow
$2,016 income − $4,900 expenses = $2,884 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,016
Total Expenses
$4,900
Mortgage P&I
175%
$3,535
Property Taxes
22%
$451
Home Insurance
11%
$228
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$60
Maintenance
4%
$81
Other
11%
$222