This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $125k initial cash invested.
-5.9%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$4,260
Rent
-$616
Cashflow
Cash Flow
$4,260 income − $4,876 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$511k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,109
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,260
Total Expenses
$4,876
Mortgage P&I
65%
$2,755
Property Taxes
12%
$494
Home Insurance
4%
$179
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469