This property looks like a bad Mid-Term investment with a projected -8.77% first-year return on $107k initial cash invested.
-8.77%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$2,678
Rent
-$784
Cashflow
Cash Flow
$2,678 income − $3,462 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,678
Total Expenses
$3,462
Mortgage P&I
85%
$2,278
Property Taxes
5%
$125
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295