This property looks like a bad Mid-Term investment with a projected -10.24% first-year return on $150k initial cash invested.
-10.24%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$4,485
Rent
-$1,276
Cashflow
Cash Flow
$4,485 income − $5,761 expenses = $1,276 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,262
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,485
Total Expenses
$5,761
Mortgage P&I
74%
$3,339
Property Taxes
15%
$653
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493