This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $150k initial cash invested.
-11.77%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$3,878
Rent
-$1,475
Cashflow
Cash Flow
$3,878 income − $5,353 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,305
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$5,353
Mortgage P&I
90%
$3,508
Property Taxes
7%
$262
Home Insurance
6%
$228
HOA
1%
$37
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427