This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $125k initial cash invested.
-3.41%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$4,140
Rent
-$355
Cashflow
Cash Flow
$4,140 income − $4,495 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,140
Total Expenses
$4,495
Mortgage P&I
68%
$2,829
Property Taxes
2%
$80
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455