This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $107k initial cash invested.
-9.87%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,914
Rent
-$882
Cashflow
Cash Flow
$2,914 income − $3,796 expenses = $882 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
$2,914
Total Expenses
$3,796
Mortgage P&I
80%
$2,339
Property Taxes
11%
$316
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321