This property looks like a bad Mid-Term investment with a projected -10.7% first-year return on $150k initial cash invested.
-10.7%
Cash On Cash
4.11%
Cap Rate
0.64
DSCR
$3,675
Rent
-$1,340
Cashflow
Cash Flow
$3,675 income − $5,015 expenses = $1,340 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,675
Total Expenses
$5,015
Mortgage P&I
91%
$3,348
Property Taxes
5%
$198
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404