This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $125k initial cash invested.
-8.54%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$3,837
Rent
-$887
Cashflow
Cash Flow
$3,837 income − $4,724 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,077
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,837
Total Expenses
$4,724
Mortgage P&I
73%
$2,805
Property Taxes
11%
$432
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422