This property looks like a bad Mid-Term investment with a projected -11.63% first-year return on $156k initial cash invested.
-11.63%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$3,850
Rent
-$1,507
Cashflow
Cash Flow
$3,850 income − $5,357 expenses = $1,507 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$5,357
Mortgage P&I
87%
$3,331
Property Taxes
14%
$548
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424