This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $154k initial cash invested.
-12.2%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$4,173
Rent
-$1,570
Cashflow
Cash Flow
$4,173 income − $5,743 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,173
Total Expenses
$5,743
Mortgage P&I
84%
$3,510
Property Taxes
14%
$586
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$459