This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $150k initial cash invested.
-4.93%
Cash On Cash
5.2%
Cap Rate
0.87
DSCR
$5,190
Rent
-$617
Cashflow
Cash Flow
$5,190 income − $5,807 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,295
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,190
Total Expenses
$5,807
Mortgage P&I
60%
$3,137
Property Taxes
9%
$469
Home Insurance
4%
$215
HOA
4%
$220
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571