This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $150k initial cash invested.
-17.04%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$3,507
Rent
-$2,134
Cashflow
Cash Flow
$3,507 income − $5,641 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,507
Total Expenses
$5,641
Mortgage P&I
99%
$3,459
Property Taxes
22%
$770
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386