This property looks like a bad Mid-Term investment with a projected -7.27% first-year return on $150k initial cash invested.
-7.27%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$4,784
Rent
-$909
Cashflow
Cash Flow
$4,784 income − $5,693 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,784
Total Expenses
$5,693
Mortgage P&I
69%
$3,300
Property Taxes
11%
$547
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$144
Maintenance
4%
$191
Other
11%
$526