This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $155k initial cash invested.
-7.22%
Cash On Cash
5.2%
Cap Rate
0.8
DSCR
$5,606
Rent
-$929
Cashflow
Cash Flow
$5,606 income − $6,535 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,606
Total Expenses
$6,535
Mortgage P&I
63%
$3,521
Property Taxes
16%
$880
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617