This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $125k initial cash invested.
-1.56%
Cash On Cash
6.61%
Cap Rate
1.01
DSCR
$4,912
Rent
-$162
Cashflow
Cash Flow
$4,912 income − $5,074 expenses = $162 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%
$5,076
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,912
Total Expenses
$5,074
Mortgage P&I
56%
$2,761
Property Taxes
10%
$470
Home Insurance
4%
$175
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540