This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $128k initial cash invested.
-11.37%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$3,038
Rent
-$1,215
Cashflow
Cash Flow
$3,038 income − $4,253 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,038
Total Expenses
$4,253
Mortgage P&I
93%
$2,821
Property Taxes
7%
$214
Home Insurance
6%
$184
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334