This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $107k initial cash invested.
-6.71%
Cash On Cash
4.75%
Cap Rate
0.78
DSCR
$2,994
Rent
-$600
Cashflow
Cash Flow
$2,994 income − $3,594 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,994
Total Expenses
$3,594
Mortgage P&I
72%
$2,162
Property Taxes
9%
$265
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329