This property looks like a bad Mid-Term investment with a projected -0.58% first-year return on $150k initial cash invested.
-0.58%
Cash On Cash
6.72%
Cap Rate
1.05
DSCR
$5,595
Rent
-$72
Cashflow
Cash Flow
$5,595 income − $5,667 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,298
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,595
Total Expenses
$5,667
Mortgage P&I
60%
$3,373
Property Taxes
3%
$164
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615