This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $107k initial cash invested.
-7.33%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$2,571
Rent
-$655
Cashflow
Cash Flow
$2,571 income − $3,226 expenses = $655 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
$2,571
Total Expenses
$3,226
Mortgage P&I
85%
$2,177
Property Taxes
1%
$25
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283