This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $155k initial cash invested.
-11.71%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$5,133
Rent
-$1,508
Cashflow
Cash Flow
$5,133 income − $6,641 expenses = $1,508 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.8%
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
$5,133
Total Expenses
$6,641
Mortgage P&I
66%
$3,389
Property Taxes
25%
$1,279
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565