This property looks like a bad Mid-Term investment with a projected -7.2% first-year return on $150k initial cash invested.
-7.2%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$4,848
Rent
-$902
Cashflow
Cash Flow
$4,848 income − $5,750 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,848
Total Expenses
$5,750
Mortgage P&I
70%
$3,384
Property Taxes
10%
$498
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533