This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $125k initial cash invested.
-5.61%
Cash On Cash
4.99%
Cap Rate
0.83
DSCR
$3,998
Rent
-$584
Cashflow
Cash Flow
$3,998 income − $4,582 expenses = $584 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%
$5,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,998
Total Expenses
$4,582
Mortgage P&I
64%
$2,540
Property Taxes
11%
$439
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440