This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $107k initial cash invested.
-1.52%
Cash On Cash
6.51%
Cap Rate
1.01
DSCR
$3,747
Rent
-$136
Cashflow
Cash Flow
$3,747 income − $3,883 expenses = $136 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%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,747
Total Expenses
$3,883
Mortgage P&I
61%
$2,290
Property Taxes
4%
$145
Home Insurance
4%
$149
HOA
1%
$25
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412