This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $128k initial cash invested.
-8.9%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$3,680
Rent
-$951
Cashflow
Cash Flow
$3,680 income − $4,631 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$525k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,680
Total Expenses
$4,631
Mortgage P&I
78%
$2,865
Property Taxes
9%
$331
Home Insurance
5%
$184
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405