This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $107k initial cash invested.
-0.5%
Cash On Cash
6.96%
Cap Rate
1.05
DSCR
$4,228
Rent
-$45
Cashflow
Cash Flow
$4,228 income − $4,273 expenses = $45 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%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,228
Total Expenses
$4,273
Mortgage P&I
55%
$2,341
Property Taxes
8%
$346
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465