This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $107k initial cash invested.
-3.28%
Cash On Cash
5.88%
Cap Rate
0.93
DSCR
$3,507
Rent
-$293
Cashflow
Cash Flow
$3,507 income − $3,800 expenses = $293 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
$3,507
Total Expenses
$3,800
Mortgage P&I
64%
$2,235
Property Taxes
6%
$224
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386