This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $107k initial cash invested.
-7.42%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$3,164
Rent
-$663
Cashflow
Cash Flow
$3,164 income − $3,827 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$3,827
Mortgage P&I
73%
$2,295
Property Taxes
10%
$306
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348