This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $107k initial cash invested.
-1.95%
Cash On Cash
6.06%
Cap Rate
0.99
DSCR
$3,778
Rent
-$174
Cashflow
Cash Flow
$3,778 income − $3,952 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$84,900
Closing costs
1%
$4,245
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,778
Total Expenses
$3,952
Mortgage P&I
57%
$2,167
Property Taxes
9%
$348
Home Insurance
4%
$146
HOA
0%
$7
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416