This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $125k initial cash invested.
-3.79%
Cash On Cash
5.92%
Cap Rate
0.92
DSCR
$4,203
Rent
-$395
Cashflow
Cash Flow
$4,203 income − $4,598 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$509k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,093
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$4,598
Mortgage P&I
65%
$2,740
Property Taxes
6%
$235
Home Insurance
4%
$184
HOA
0%
$11
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462