This property looks like a bad Mid-Term investment with a projected -9.39% first-year return on $107k initial cash invested.
-9.39%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$2,811
Rent
-$839
Cashflow
Cash Flow
$2,811 income − $3,650 expenses = $839 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
$2,811
Total Expenses
$3,650
Mortgage P&I
82%
$2,309
Property Taxes
8%
$238
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309