This property looks like a bad Mid-Term investment with a projected -14.89% first-year return on $155k initial cash invested.
-14.89%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$3,465
Rent
-$1,917
Cashflow
Cash Flow
$3,465 income − $5,382 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,465
Total Expenses
$5,382
Mortgage P&I
102%
$3,543
Property Taxes
12%
$432
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381