This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $107k initial cash invested.
-7.22%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$3,105
Rent
-$645
Cashflow
Cash Flow
$3,105 income − $3,750 expenses = $645 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
$3,105
Total Expenses
$3,750
Mortgage P&I
74%
$2,283
Property Taxes
8%
$262
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342