This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $107k initial cash invested.
-0.92%
Cash On Cash
6.89%
Cap Rate
1.04
DSCR
$4,599
Rent
-$82
Cashflow
Cash Flow
$4,599 income − $4,681 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,599
Total Expenses
$4,681
Mortgage P&I
51%
$2,339
Property Taxes
14%
$629
Home Insurance
3%
$149
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506