This property looks like a bad Mid-Term investment with a projected -12.57% first-year return on $150k initial cash invested.
-12.57%
Cash On Cash
3.58%
Cap Rate
0.57
DSCR
$3,356
Rent
-$1,574
Cashflow
Cash Flow
$3,356 income − $4,930 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,356
Total Expenses
$4,930
Mortgage P&I
99%
$3,321
Property Taxes
7%
$248
Home Insurance
7%
$220
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369