This property looks like a bad Mid-Term investment with a projected -9.58% first-year return on $150k initial cash invested.
-9.58%
Cash On Cash
4.67%
Cap Rate
0.72
DSCR
$5,690
Rent
-$1,199
Cashflow
Cash Flow
$5,690 income − $6,889 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,291
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,690
Total Expenses
$6,889
Mortgage P&I
60%
$3,419
Property Taxes
23%
$1,317
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626