This property looks like a bad Mid-Term investment with a projected -11.43% first-year return on $125k initial cash invested.
-11.43%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$3,036
Rent
-$1,192
Cashflow
Cash Flow
$3,036 income − $4,228 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,036
Total Expenses
$4,228
Mortgage P&I
92%
$2,799
Property Taxes
7%
$220
Home Insurance
6%
$178
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334