This property looks like a bad Mid-Term investment with a projected -9.23% first-year return on $154k initial cash invested.
-9.23%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$5,523
Rent
-$1,188
Cashflow
Cash Flow
$5,523 income − $6,711 expenses = $1,188 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,523
Total Expenses
$6,711
Mortgage P&I
65%
$3,595
Property Taxes
18%
$1,009
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608