This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $150k initial cash invested.
-3.05%
Cash On Cash
6.34%
Cap Rate
0.96
DSCR
$6,284
Rent
-$382
Cashflow
Cash Flow
$6,284 income − $6,666 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,284
Total Expenses
$6,666
Mortgage P&I
55%
$3,454
Property Taxes
13%
$829
Home Insurance
4%
$220
HOA
0%
$27
Property Management
12%
$754
CapEx
4%
$251
Vacancy
3%
$189
Maintenance
4%
$251
Other
11%
$691