This property looks like a bad Mid-Term investment with a projected -6.67% first-year return on $107k initial cash invested.
-6.67%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$3,256
Rent
-$596
Cashflow
Cash Flow
$3,256 income − $3,852 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,256
Total Expenses
$3,852
Mortgage P&I
72%
$2,353
Property Taxes
7%
$243
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358