This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $125k initial cash invested.
-8.1%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$3,054
Rent
-$842
Cashflow
Cash Flow
$3,054 income − $3,896 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$508k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,054
Total Expenses
$3,896
Mortgage P&I
84%
$2,574
Property Taxes
3%
$98
Home Insurance
6%
$186
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336