This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $125k initial cash invested.
-9.2%
Cash On Cash
4.41%
Cap Rate
0.69
DSCR
$3,264
Rent
-$959
Cashflow
Cash Flow
$3,264 income − $4,223 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,264
Total Expenses
$4,223
Mortgage P&I
83%
$2,702
Property Taxes
7%
$232
Home Insurance
5%
$178
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359