This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $150k initial cash invested.
-9.57%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$4,185
Rent
-$1,195
Cashflow
Cash Flow
$4,185 income − $5,380 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$628k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,275
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,185
Total Expenses
$5,380
Mortgage P&I
81%
$3,378
Property Taxes
8%
$352
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460