This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $107k initial cash invested.
-4.82%
Cash On Cash
5.92%
Cap Rate
0.88
DSCR
$3,420
Rent
-$431
Cashflow
Cash Flow
$3,420 income − $3,851 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,420
Total Expenses
$3,851
Mortgage P&I
70%
$2,391
Property Taxes
4%
$148
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376