This property looks like a bad Mid-Term investment with a projected -12.15% first-year return on $150k initial cash invested.
-12.15%
Cash On Cash
4.17%
Cap Rate
0.61
DSCR
$3,460
Rent
-$1,520
Cashflow
Cash Flow
$3,460 income − $4,980 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,460
Total Expenses
$4,980
Mortgage P&I
103%
$3,569
Property Taxes
0%
$15
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381