This property looks like a bad Mid-Term investment with a projected -10.01% first-year return on $125k initial cash invested.
-10.01%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$3,410
Rent
-$1,043
Cashflow
Cash Flow
$3,410 income − $4,453 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$4,453
Mortgage P&I
81%
$2,777
Property Taxes
10%
$340
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375