This property looks like a bad Mid-Term investment with a projected -16.99% first-year return on $150k initial cash invested.
-16.99%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$3,069
Rent
-$2,120
Cashflow
Cash Flow
$3,069 income − $5,189 expenses = $2,120 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,273
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,069
Total Expenses
$5,189
Mortgage P&I
112%
$3,450
Property Taxes
15%
$451
Home Insurance
7%
$227
HOA
1%
$17
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338