This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $125k initial cash invested.
-4.19%
Cash On Cash
5.67%
Cap Rate
0.91
DSCR
$5,272
Rent
-$435
Cashflow
Cash Flow
$5,272 income − $5,707 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,272
Total Expenses
$5,707
Mortgage P&I
50%
$2,623
Property Taxes
10%
$510
Home Insurance
3%
$180
HOA
11%
$601
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580