This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $128k initial cash invested.
-4.6%
Cash On Cash
5.87%
Cap Rate
0.89
DSCR
$4,286
Rent
-$492
Cashflow
Cash Flow
$4,286 income − $4,778 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,286
Total Expenses
$4,778
Mortgage P&I
67%
$2,888
Property Taxes
6%
$250
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$471