This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $150k initial cash invested.
-7.51%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$4,686
Rent
-$941
Cashflow
Cash Flow
$4,686 income − $5,627 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,306
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,686
Total Expenses
$5,627
Mortgage P&I
71%
$3,317
Property Taxes
10%
$485
Home Insurance
5%
$233
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515