This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $150k initial cash invested.
-7.76%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$5,552
Rent
-$973
Cashflow
Cash Flow
$5,552 income − $6,525 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,304
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,552
Total Expenses
$6,525
Mortgage P&I
62%
$3,462
Property Taxes
17%
$965
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611