This property looks like a bad Mid-Term investment with a projected -12.48% first-year return on $107k initial cash invested.
-12.48%
Cash On Cash
3.39%
Cap Rate
0.54
DSCR
$2,559
Rent
-$1,115
Cashflow
Cash Flow
$2,559 income − $3,674 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$3,674
Mortgage P&I
86%
$2,213
Property Taxes
17%
$443
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281