This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $150k initial cash invested.
-6.24%
Cash On Cash
4.98%
Cap Rate
0.82
DSCR
$5,002
Rent
-$781
Cashflow
Cash Flow
$5,002 income − $5,783 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,297
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,002
Total Expenses
$5,783
Mortgage P&I
64%
$3,193
Property Taxes
13%
$662
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550