This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $154k initial cash invested.
-7.88%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$4,779
Rent
-$1,015
Cashflow
Cash Flow
$4,779 income − $5,794 expenses = $1,015 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,779
Total Expenses
$5,794
Mortgage P&I
74%
$3,537
Property Taxes
8%
$405
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526