This property looks like a bad Mid-Term investment with a projected -13.73% first-year return on $107k initial cash invested.
-13.73%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$1,890
Rent
-$1,227
Cashflow
Cash Flow
$1,890 income − $3,117 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,890
Total Expenses
$3,117
Mortgage P&I
118%
$2,235
Property Taxes
5%
$89
Home Insurance
8%
$149
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208