This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $125k initial cash invested.
-5.49%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$4,738
Rent
-$573
Cashflow
Cash Flow
$4,738 income − $5,311 expenses = $573 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%
$5,103
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,738
Total Expenses
$5,311
Mortgage P&I
58%
$2,761
Property Taxes
16%
$763
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521