This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $128k initial cash invested.
-2.91%
Cash On Cash
6.16%
Cap Rate
0.96
DSCR
$4,960
Rent
-$311
Cashflow
Cash Flow
$4,960 income − $5,271 expenses = $311 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,960
Total Expenses
$5,271
Mortgage P&I
57%
$2,809
Property Taxes
12%
$592
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$546