This property looks like a bad Mid-Term investment with a projected -14.52% first-year return on $128k initial cash invested.
-14.52%
Cash On Cash
3.45%
Cap Rate
0.51
DSCR
$2,702
Rent
-$1,552
Cashflow
Cash Flow
$2,702 income − $4,254 expenses = $1,552 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,702
Total Expenses
$4,254
Mortgage P&I
109%
$2,955
Property Taxes
7%
$197
Home Insurance
7%
$184
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297