This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $125k initial cash invested.
-12.36%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,762
Rent
-$1,285
Cashflow
Cash Flow
$2,762 income − $4,047 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,086
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,762
Total Expenses
$4,047
Mortgage P&I
101%
$2,776
Property Taxes
5%
$141
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304