This property looks like a bad Mid-Term investment with a projected -7.16% first-year return on $107k initial cash invested.
-7.16%
Cash On Cash
5.1%
Cap Rate
0.78
DSCR
$3,124
Rent
-$640
Cashflow
Cash Flow
$3,124 income − $3,764 expenses = $640 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
$3,124
Total Expenses
$3,764
Mortgage P&I
74%
$2,323
Property Taxes
7%
$229
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344