This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $125k initial cash invested.
-7.95%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$3,892
Rent
-$828
Cashflow
Cash Flow
$3,892 income − $4,720 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,095
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$4,720
Mortgage P&I
67%
$2,596
Property Taxes
15%
$590
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428