This property looks like a bad Mid-Term investment with a projected -8.07% first-year return on $128k initial cash invested.
-8.07%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$4,350
Rent
-$863
Cashflow
Cash Flow
$4,350 income − $5,213 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$526k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,257
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$5,213
Mortgage P&I
65%
$2,812
Property Taxes
17%
$718
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478