This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $128k initial cash invested.
-8.89%
Cash On Cash
4.82%
Cap Rate
0.72
DSCR
$3,688
Rent
-$950
Cashflow
Cash Flow
$3,688 income − $4,638 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,688
Total Expenses
$4,638
Mortgage P&I
79%
$2,912
Property Taxes
8%
$286
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406