This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $107k initial cash invested.
-6.12%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$3,306
Rent
-$547
Cashflow
Cash Flow
$3,306 income − $3,853 expenses = $547 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%
$85,060
Closing costs
1%
$4,253
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,306
Total Expenses
$3,853
Mortgage P&I
70%
$2,327
Property Taxes
4%
$148
Home Insurance
7%
$234
HOA
1%
$20
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364