This property looks like a bad Mid-Term investment with a projected -20.6% first-year return on $154k initial cash invested.
-20.6%
Cash On Cash
2.04%
Cap Rate
0.3
DSCR
$2,241
Rent
-$2,649
Cashflow
Cash Flow
$2,241 income − $4,890 expenses = $2,649 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,241
Total Expenses
$4,890
Mortgage P&I
163%
$3,662
Property Taxes
11%
$238
Home Insurance
10%
$227
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247