This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $150k initial cash invested.
-7.6%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$4,810
Rent
-$948
Cashflow
Cash Flow
$4,810 income − $5,758 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,271
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,810
Total Expenses
$5,758
Mortgage P&I
70%
$3,358
Property Taxes
11%
$547
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529