This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $107k initial cash invested.
-3.13%
Cash On Cash
5.79%
Cap Rate
0.94
DSCR
$3,844
Rent
-$280
Cashflow
Cash Flow
$3,844 income − $4,124 expenses = $280 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%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,844
Total Expenses
$4,124
Mortgage P&I
57%
$2,175
Property Taxes
13%
$493
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423