This property looks like a bad Mid-Term investment with a projected -18.4% first-year return on $150k initial cash invested.
-18.4%
Cash On Cash
1.89%
Cap Rate
0.31
DSCR
$2,562
Rent
-$2,305
Cashflow
Cash Flow
$2,562 income − $4,867 expenses = $2,305 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,301
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,562
Total Expenses
$4,867
Mortgage P&I
125%
$3,195
Property Taxes
21%
$528
Home Insurance
9%
$228
HOA
2%
$46
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282