This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $128k initial cash invested.
-2.05%
Cash On Cash
6.04%
Cap Rate
0.98
DSCR
$4,304
Rent
-$219
Cashflow
Cash Flow
$4,304 income − $4,523 expenses = $219 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%
$5,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$4,523
Mortgage P&I
62%
$2,689
Property Taxes
4%
$188
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473