This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $125k initial cash invested.
-10.67%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$3,099
Rent
-$1,112
Cashflow
Cash Flow
$3,099 income − $4,211 expenses = $1,112 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,099
Total Expenses
$4,211
Mortgage P&I
90%
$2,778
Property Taxes
6%
$201
Home Insurance
6%
$178
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341