This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $154k initial cash invested.
-5.61%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$5,360
Rent
-$722
Cashflow
Cash Flow
$5,360 income − $6,082 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,360
Total Expenses
$6,082
Mortgage P&I
67%
$3,571
Property Taxes
9%
$461
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$590