This property looks like a bad Mid-Term investment with a projected -13.21% first-year return on $128k initial cash invested.
-13.21%
Cash On Cash
3.01%
Cap Rate
0.5
DSCR
$2,508
Rent
-$1,412
Cashflow
Cash Flow
$2,508 income − $3,920 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,508
Total Expenses
$3,920
Mortgage P&I
105%
$2,630
Property Taxes
10%
$254
Home Insurance
7%
$184
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276