This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $150k initial cash invested.
-3.69%
Cash On Cash
5.78%
Cap Rate
0.93
DSCR
$6,075
Rent
-$460
Cashflow
Cash Flow
$6,075 income − $6,535 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,268
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,075
Total Expenses
$6,535
Mortgage P&I
53%
$3,238
Property Taxes
16%
$970
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668