This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $150k initial cash invested.
-6.32%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$4,611
Rent
-$792
Cashflow
Cash Flow
$4,611 income − $5,403 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,611
Total Expenses
$5,403
Mortgage P&I
73%
$3,358
Property Taxes
6%
$259
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507