This property looks like a bad Mid-Term investment with a projected -15.72% first-year return on $155k initial cash invested.
-15.72%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$2,952
Rent
-$2,028
Cashflow
Cash Flow
$2,952 income − $4,980 expenses = $2,028 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,513
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$4,980
Mortgage P&I
121%
$3,574
Property Taxes
5%
$160
Home Insurance
8%
$242
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325