This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $150k initial cash invested.
-8.18%
Cash On Cash
5.17%
Cap Rate
0.77
DSCR
$4,788
Rent
-$1,023
Cashflow
Cash Flow
$4,788 income − $5,811 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,788
Total Expenses
$5,811
Mortgage P&I
74%
$3,540
Property Taxes
9%
$421
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527