This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $107k initial cash invested.
-5.4%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$4,090
Rent
-$483
Cashflow
Cash Flow
$4,090 income − $4,573 expenses = $483 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
$4,090
Total Expenses
$4,573
Mortgage P&I
57%
$2,330
Property Taxes
17%
$702
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450