This property looks like a bad Mid-Term investment with a projected -12.34% first-year return on $154k initial cash invested.
-12.34%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$4,250
Rent
-$1,588
Cashflow
Cash Flow
$4,250 income − $5,838 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,496
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,250
Total Expenses
$5,838
Mortgage P&I
82%
$3,490
Property Taxes
16%
$664
Home Insurance
6%
$238
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468