This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $128k initial cash invested.
-8.99%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$3,894
Rent
-$961
Cashflow
Cash Flow
$3,894 income − $4,855 expenses = $961 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
$3,894
Total Expenses
$4,855
Mortgage P&I
74%
$2,879
Property Taxes
12%
$468
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428