This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $107k initial cash invested.
-5.48%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$3,056
Rent
-$490
Cashflow
Cash Flow
$3,056 income − $3,546 expenses = $490 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%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,056
Total Expenses
$3,546
Mortgage P&I
76%
$2,328
Property Taxes
1%
$30
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336