This property looks like a bad Mid-Term investment with a projected -21.33% first-year return on $155k initial cash invested.
-21.33%
Cash On Cash
2.03%
Cap Rate
0.29
DSCR
$2,474
Rent
-$2,746
Cashflow
Cash Flow
$2,474 income − $5,220 expenses = $2,746 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,474
Total Expenses
$5,220
Mortgage P&I
151%
$3,745
Property Taxes
16%
$406
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272