This property looks like a bad Mid-Term investment with a projected -13.94% first-year return on $155k initial cash invested.
-13.94%
Cash On Cash
3.27%
Cap Rate
0.52
DSCR
$3,520
Rent
-$1,795
Cashflow
Cash Flow
$3,520 income − $5,315 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,503
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,520
Total Expenses
$5,315
Mortgage P&I
97%
$3,428
Property Taxes
7%
$238
Home Insurance
7%
$233
HOA
6%
$219
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387