This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $125k initial cash invested.
-0.59%
Cash On Cash
6.4%
Cap Rate
1.04
DSCR
$4,306
Rent
-$62
Cashflow
Cash Flow
$4,306 income − $4,368 expenses = $62 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%
$5,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,306
Total Expenses
$4,368
Mortgage P&I
61%
$2,610
Property Taxes
3%
$116
Home Insurance
4%
$178
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474