This property looks like a bad Mid-Term investment with a projected -4.77% first-year return on $154k initial cash invested.
-4.77%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$5,744
Rent
-$614
Cashflow
Cash Flow
$5,744 income − $6,358 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,495
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,744
Total Expenses
$6,358
Mortgage P&I
62%
$3,554
Property Taxes
11%
$623
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632