This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $107k initial cash invested.
-15.97%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$1,491
Rent
-$1,427
Cashflow
Cash Flow
$1,491 income − $2,918 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,491
Total Expenses
$2,918
Mortgage P&I
147%
$2,187
Property Taxes
5%
$74
Home Insurance
10%
$149
HOA
0%
$0
Property Management
12%
$179
CapEx
4%
$60
Vacancy
3%
$45
Maintenance
4%
$60
Other
11%
$164