This property looks like a bad Mid-Term investment with a projected -11.12% first-year return on $150k initial cash invested.
-11.12%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$4,046
Rent
-$1,391
Cashflow
Cash Flow
$4,046 income − $5,437 expenses = $1,391 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,291
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$5,437
Mortgage P&I
86%
$3,484
Property Taxes
9%
$353
Home Insurance
6%
$224
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445