This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $128k initial cash invested.
-4.09%
Cash On Cash
6.15%
Cap Rate
0.92
DSCR
$5,100
Rent
-$437
Cashflow
Cash Flow
$5,100 income − $5,537 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,100
Total Expenses
$5,537
Mortgage P&I
57%
$2,923
Property Taxes
14%
$693
Home Insurance
4%
$184
HOA
0%
$3
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561