This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $150k initial cash invested.
-8.25%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$5,110
Rent
-$1,029
Cashflow
Cash Flow
$5,110 income − $6,139 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,272
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,110
Total Expenses
$6,139
Mortgage P&I
67%
$3,412
Property Taxes
15%
$754
Home Insurance
4%
$227
HOA
0%
$10
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562