This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $128k initial cash invested.
-5.53%
Cash On Cash
5.17%
Cap Rate
0.84
DSCR
$3,962
Rent
-$591
Cashflow
Cash Flow
$3,962 income − $4,553 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,962
Total Expenses
$4,553
Mortgage P&I
68%
$2,695
Property Taxes
8%
$328
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436