This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $128k initial cash invested.
-3.24%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$4,826
Rent
-$346
Cashflow
Cash Flow
$4,826 income − $5,172 expenses = $346 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
$4,826
Total Expenses
$5,172
Mortgage P&I
59%
$2,831
Property Taxes
11%
$516
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531