This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $150k initial cash invested.
-10.28%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$4,089
Rent
-$1,288
Cashflow
Cash Flow
$4,089 income − $5,377 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,089
Total Expenses
$5,377
Mortgage P&I
85%
$3,492
Property Taxes
7%
$273
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450