This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $125k initial cash invested.
-5.66%
Cash On Cash
5.8%
Cap Rate
0.86
DSCR
$4,485
Rent
-$590
Cashflow
Cash Flow
$4,485 income − $5,075 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,485
Total Expenses
$5,075
Mortgage P&I
64%
$2,875
Property Taxes
11%
$498
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493