This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $125k initial cash invested.
-4.59%
Cash On Cash
5.5%
Cap Rate
0.89
DSCR
$4,650
Rent
-$479
Cashflow
Cash Flow
$4,650 income − $5,129 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$510k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$102k
Closing costs
1%
$5,101
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,650
Total Expenses
$5,129
Mortgage P&I
57%
$2,630
Property Taxes
16%
$733
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512