This property looks like a bad Mid-Term investment with a projected -16.13% first-year return on $125k initial cash invested.
-16.13%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$2,826
Rent
-$1,675
Cashflow
Cash Flow
$2,826 income − $4,501 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$4,501
Mortgage P&I
97%
$2,727
Property Taxes
22%
$631
Home Insurance
6%
$182
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311