This property looks like a bad Mid-Term investment with a projected -8.44% first-year return on $128k initial cash invested.
-8.44%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$3,489
Rent
-$902
Cashflow
Cash Flow
$3,489 income − $4,391 expenses = $902 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
$3,489
Total Expenses
$4,391
Mortgage P&I
81%
$2,826
Property Taxes
6%
$193
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384