This property looks like a bad Mid-Term investment with a projected -11.34% first-year return on $150k initial cash invested.
-11.34%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$3,418
Rent
-$1,420
Cashflow
Cash Flow
$3,418 income − $4,838 expenses = $1,420 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%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,418
Total Expenses
$4,838
Mortgage P&I
100%
$3,429
Property Taxes
1%
$26
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376