This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $155k initial cash invested.
-5.4%
Cash On Cash
5.6%
Cap Rate
0.86
DSCR
$5,350
Rent
-$696
Cashflow
Cash Flow
$5,350 income − $6,046 expenses = $696 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%
$6,502
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,350
Total Expenses
$6,046
Mortgage P&I
66%
$3,516
Property Taxes
9%
$502
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588