This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $125k initial cash invested.
-0.3%
Cash On Cash
6.86%
Cap Rate
1.07
DSCR
$5,364
Rent
-$31
Cashflow
Cash Flow
$5,364 income − $5,395 expenses = $31 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
$5,364
Total Expenses
$5,395
Mortgage P&I
51%
$2,726
Property Taxes
12%
$669
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590