This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $107k initial cash invested.
-8.19%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$3,086
Rent
-$732
Cashflow
Cash Flow
$3,086 income − $3,818 expenses = $732 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%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,086
Total Expenses
$3,818
Mortgage P&I
76%
$2,341
Property Taxes
9%
$280
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339