This property looks like a bad Mid-Term investment with a projected -6.66% first-year return on $125k initial cash invested.
-6.66%
Cash On Cash
4.72%
Cap Rate
0.79
DSCR
$3,646
Rent
-$693
Cashflow
Cash Flow
$3,646 income − $4,339 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,091
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,646
Total Expenses
$4,339
Mortgage P&I
70%
$2,550
Property Taxes
10%
$374
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401