This property looks like a bad Mid-Term investment with a projected -12.38% first-year return on $128k initial cash invested.
-12.38%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$2,824
Rent
-$1,323
Cashflow
Cash Flow
$2,824 income − $4,147 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,824
Total Expenses
$4,147
Mortgage P&I
95%
$2,696
Property Taxes
11%
$306
Home Insurance
7%
$184
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311