This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $107k initial cash invested.
-6.77%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$2,936
Rent
-$605
Cashflow
Cash Flow
$2,936 income − $3,541 expenses = $605 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
$2,936
Total Expenses
$3,541
Mortgage P&I
74%
$2,165
Property Taxes
5%
$145
Home Insurance
5%
$149
HOA
3%
$85
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323