This property looks like a bad Mid-Term investment with a projected -11.7% first-year return on $128k initial cash invested.
-11.7%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$2,889
Rent
-$1,250
Cashflow
Cash Flow
$2,889 income − $4,139 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,889
Total Expenses
$4,139
Mortgage P&I
96%
$2,764
Property Taxes
7%
$207
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318