This property looks like a bad Mid-Term investment with a projected -10.88% first-year return on $154k initial cash invested.
-10.88%
Cash On Cash
3.76%
Cap Rate
0.63
DSCR
$4,587
Rent
-$1,400
Cashflow
Cash Flow
$4,587 income − $5,987 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,587
Total Expenses
$5,987
Mortgage P&I
71%
$3,251
Property Taxes
21%
$949
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$505