This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $150k initial cash invested.
-2.51%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$6,086
Rent
-$314
Cashflow
Cash Flow
$6,086 income − $6,400 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,086
Total Expenses
$6,400
Mortgage P&I
56%
$3,435
Property Taxes
10%
$579
Home Insurance
4%
$220
HOA
2%
$98
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$183
Maintenance
4%
$243
Other
11%
$669