This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $125k initial cash invested.
-6.24%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$4,568
Rent
-$649
Cashflow
Cash Flow
$4,568 income − $5,217 expenses = $649 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%
$5,088
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,568
Total Expenses
$5,217
Mortgage P&I
60%
$2,737
Property Taxes
16%
$745
Home Insurance
4%
$182
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502