This property looks like a bad Mid-Term investment with a projected -1.46% first-year return on $107k initial cash invested.
-1.46%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$4,020
Rent
-$130
Cashflow
Cash Flow
$4,020 income − $4,150 expenses = $130 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%
$84,960
Closing costs
1%
$4,248
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$4,150
Mortgage P&I
58%
$2,340
Property Taxes
7%
$291
Home Insurance
4%
$152
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442