This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $150k initial cash invested.
-10.59%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$4,634
Rent
-$1,324
Cashflow
Cash Flow
$4,634 income − $5,958 expenses = $1,324 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$5,958
Mortgage P&I
73%
$3,365
Property Taxes
17%
$798
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510