This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $125k initial cash invested.
-2.83%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$4,206
Rent
-$294
Cashflow
Cash Flow
$4,206 income − $4,500 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,080
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$4,500
Mortgage P&I
65%
$2,744
Property Taxes
3%
$144
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463