This property looks like a bad Mid-Term investment with a projected -13.34% first-year return on $125k initial cash invested.
-13.34%
Cash On Cash
3.78%
Cap Rate
0.56
DSCR
$3,182
Rent
-$1,388
Cashflow
Cash Flow
$3,182 income − $4,570 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,182
Total Expenses
$4,570
Mortgage P&I
90%
$2,862
Property Taxes
11%
$360
Home Insurance
6%
$184
HOA
3%
$83
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350