This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $128k initial cash invested.
-8.71%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$3,268
Rent
-$931
Cashflow
Cash Flow
$3,268 income − $4,199 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,268
Total Expenses
$4,199
Mortgage P&I
85%
$2,770
Property Taxes
4%
$134
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359