This property looks like a bad Mid-Term investment with a projected -16.1% first-year return on $149k initial cash invested.
-16.1%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$3,687
Rent
-$2,001
Cashflow
Cash Flow
$3,687 income − $5,688 expenses = $2,001 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$131k
Closing costs
1%
$6,529
Rehab
0%
$0
Furnishing
2%
$12,000
Cashflow
Total Income
$3,687
Total Expenses
$5,688
Mortgage P&I
99%
$3,652
Property Taxes
15%
$555
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$111
Maintenance
4%
$147
Other
11%
$406