This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $125k initial cash invested.
-9.62%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$3,570
Rent
-$1,001
Cashflow
Cash Flow
$3,570 income − $4,571 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,570
Total Expenses
$4,571
Mortgage P&I
78%
$2,788
Property Taxes
11%
$391
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393