This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $107k initial cash invested.
-3.19%
Cash On Cash
6.07%
Cap Rate
0.94
DSCR
$3,813
Rent
-$285
Cashflow
Cash Flow
$3,813 income − $4,098 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,813
Total Expenses
$4,098
Mortgage P&I
60%
$2,283
Property Taxes
10%
$369
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$419