This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $107k initial cash invested.
-6.65%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$3,720
Rent
-$595
Cashflow
Cash Flow
$3,720 income − $4,315 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,060
Closing costs
1%
$4,253
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$4,315
Mortgage P&I
62%
$2,323
Property Taxes
15%
$569
Home Insurance
4%
$150
HOA
0%
$8
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409