This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $125k initial cash invested.
-9.13%
Cash On Cash
4.71%
Cap Rate
0.71
DSCR
$3,312
Rent
-$952
Cashflow
Cash Flow
$3,312 income − $4,264 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,103
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$4,264
Mortgage P&I
85%
$2,822
Property Taxes
4%
$134
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364