This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $154k initial cash invested.
-10.57%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$3,957
Rent
-$1,361
Cashflow
Cash Flow
$3,957 income − $5,318 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,499
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,957
Total Expenses
$5,318
Mortgage P&I
90%
$3,573
Property Taxes
4%
$172
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435