This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $150k initial cash invested.
-12.28%
Cash On Cash
3.39%
Cap Rate
0.56
DSCR
$3,639
Rent
-$1,538
Cashflow
Cash Flow
$3,639 income − $5,177 expenses = $1,538 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$5,177
Mortgage P&I
87%
$3,173
Property Taxes
15%
$546
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400