This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $125k initial cash invested.
-2.14%
Cash On Cash
6.34%
Cap Rate
0.99
DSCR
$5,160
Rent
-$223
Cashflow
Cash Flow
$5,160 income − $5,383 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,105
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,160
Total Expenses
$5,383
Mortgage P&I
53%
$2,715
Property Taxes
14%
$730
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$568