This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $125k initial cash invested.
-2.35%
Cash On Cash
6.25%
Cap Rate
0.98
DSCR
$4,934
Rent
-$246
Cashflow
Cash Flow
$4,934 income − $5,180 expenses = $246 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%
$5,113
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,934
Total Expenses
$5,180
Mortgage P&I
55%
$2,711
Property Taxes
12%
$612
Home Insurance
4%
$180
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543