This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $128k initial cash invested.
-3.92%
Cash On Cash
5.6%
Cap Rate
0.91
DSCR
$4,491
Rent
-$419
Cashflow
Cash Flow
$4,491 income − $4,910 expenses = $419 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
$4,491
Total Expenses
$4,910
Mortgage P&I
60%
$2,689
Property Taxes
11%
$509
Home Insurance
4%
$184
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494