This property looks like a bad Mid-Term investment with a projected -9.25% first-year return on $125k initial cash invested.
-9.25%
Cash On Cash
4.93%
Cap Rate
0.72
DSCR
$3,795
Rent
-$964
Cashflow
Cash Flow
$3,795 income − $4,759 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$4,759
Mortgage P&I
77%
$2,906
Property Taxes
10%
$385
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417