This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $128k initial cash invested.
-4.53%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$4,240
Rent
-$484
Cashflow
Cash Flow
$4,240 income − $4,724 expenses = $484 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
$4,240
Total Expenses
$4,724
Mortgage P&I
68%
$2,871
Property Taxes
5%
$226
Home Insurance
4%
$184
HOA
0%
$1
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466