This property looks like a bad Mid-Term investment with a projected -14.54% first-year return on $125k initial cash invested.
-14.54%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$2,037
Rent
-$1,511
Cashflow
Cash Flow
$2,037 income − $3,548 expenses = $1,511 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%
$5,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,037
Total Expenses
$3,548
Mortgage P&I
129%
$2,623
Property Taxes
2%
$48
Home Insurance
9%
$186
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224