This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $150k initial cash invested.
-3.6%
Cash On Cash
5.72%
Cap Rate
0.93
DSCR
$5,336
Rent
-$448
Cashflow
Cash Flow
$5,336 income − $5,784 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,262
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$5,784
Mortgage P&I
60%
$3,218
Property Taxes
10%
$533
Home Insurance
4%
$220
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587