This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $107k initial cash invested.
-3.29%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$3,590
Rent
-$294
Cashflow
Cash Flow
$3,590 income − $3,884 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,590
Total Expenses
$3,884
Mortgage P&I
64%
$2,305
Property Taxes
6%
$208
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395