This property looks like a bad Mid-Term investment with a projected -4% first-year return on $128k initial cash invested.
-4%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$4,518
Rent
-$428
Cashflow
Cash Flow
$4,518 income − $4,946 expenses = $428 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
$4,518
Total Expenses
$4,946
Mortgage P&I
64%
$2,883
Property Taxes
8%
$342
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497