This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $154k initial cash invested.
-12.76%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$4,118
Rent
-$1,642
Cashflow
Cash Flow
$4,118 income − $5,760 expenses = $1,642 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%
$6,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$5,760
Mortgage P&I
87%
$3,562
Property Taxes
14%
$569
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453