This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $125k initial cash invested.
-2.68%
Cash On Cash
6.39%
Cap Rate
0.99
DSCR
$6,256
Rent
-$279
Cashflow
Cash Flow
$6,256 income − $6,535 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,088
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$6,256
Total Expenses
$6,535
Mortgage P&I
44%
$2,738
Property Taxes
14%
$897
Home Insurance
3%
$175
HOA
10%
$598
Property Management
12%
$751
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688