This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $150k initial cash invested.
-5.78%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$4,744
Rent
-$723
Cashflow
Cash Flow
$4,744 income − $5,467 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,744
Total Expenses
$5,467
Mortgage P&I
71%
$3,373
Property Taxes
6%
$261
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522