This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $125k initial cash invested.
-11.67%
Cash On Cash
3.65%
Cap Rate
0.59
DSCR
$3,651
Rent
-$1,215
Cashflow
Cash Flow
$3,651 income − $4,866 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$4,866
Mortgage P&I
72%
$2,619
Property Taxes
23%
$827
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402