This property looks like a bad Mid-Term investment with a projected -15.86% first-year return on $125k initial cash invested.
-15.86%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,242
Rent
-$1,650
Cashflow
Cash Flow
$2,242 income − $3,892 expenses = $1,650 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,086
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$3,892
Mortgage P&I
126%
$2,830
Property Taxes
5%
$115
Home Insurance
8%
$184
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247