This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $125k initial cash invested.
-8.24%
Cash On Cash
4.63%
Cap Rate
0.73
DSCR
$3,406
Rent
-$856
Cashflow
Cash Flow
$3,406 income − $4,262 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,080
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$4,262
Mortgage P&I
79%
$2,681
Property Taxes
7%
$248
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375