This property looks like a bad Mid-Term investment with a projected -12.59% first-year return on $128k initial cash invested.
-12.59%
Cash On Cash
3.27%
Cap Rate
0.53
DSCR
$2,426
Rent
-$1,346
Cashflow
Cash Flow
$2,426 income − $3,772 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$105k
Closing costs
1%
$5,251
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,426
Total Expenses
$3,772
Mortgage P&I
110%
$2,679
Property Taxes
3%
$76
Home Insurance
8%
$192
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267