This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $128k initial cash invested.
-11.21%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$3,058
Rent
-$1,198
Cashflow
Cash Flow
$3,058 income − $4,256 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$4,256
Mortgage P&I
93%
$2,829
Property Taxes
7%
$204
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336