This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $125k initial cash invested.
-6.99%
Cash On Cash
5.12%
Cap Rate
0.79
DSCR
$4,083
Rent
-$729
Cashflow
Cash Flow
$4,083 income − $4,812 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,104
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,083
Total Expenses
$4,812
Mortgage P&I
67%
$2,743
Property Taxes
12%
$502
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449