This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $128k initial cash invested.
-10.41%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$3,066
Rent
-$1,113
Cashflow
Cash Flow
$3,066 income − $4,179 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,066
Total Expenses
$4,179
Mortgage P&I
94%
$2,877
Property Taxes
2%
$75
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337