This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $125k initial cash invested.
-10.59%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$2,994
Rent
-$1,099
Cashflow
Cash Flow
$2,994 income − $4,093 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$507k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$101k
Closing costs
1%
$5,074
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,994
Total Expenses
$4,093
Mortgage P&I
88%
$2,623
Property Taxes
9%
$256
Home Insurance
7%
$196
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329