This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $150k initial cash invested.
-3.98%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$5,954
Rent
-$499
Cashflow
Cash Flow
$5,954 income − $6,453 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,304
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,954
Total Expenses
$6,453
Mortgage P&I
58%
$3,428
Property Taxes
14%
$837
Home Insurance
3%
$164
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$655