This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $150k initial cash invested.
-2.17%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$6,142
Rent
-$271
Cashflow
Cash Flow
$6,142 income − $6,413 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,266
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,142
Total Expenses
$6,413
Mortgage P&I
56%
$3,450
Property Taxes
11%
$654
Home Insurance
4%
$220
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676