This property looks like a bad Mid-Term investment with a projected -16.54% first-year return on $107k initial cash invested.
-16.54%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$1,606
Rent
-$1,478
Cashflow
Cash Flow
$1,606 income − $3,084 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,606
Total Expenses
$3,084
Mortgage P&I
134%
$2,153
Property Taxes
15%
$236
Home Insurance
9%
$149
HOA
0%
$0
Property Management
12%
$193
CapEx
4%
$64
Vacancy
3%
$48
Maintenance
4%
$64
Other
11%
$177