This property looks like a bad Mid-Term investment with a projected -9.22% first-year return on $107k initial cash invested.
-9.22%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$2,570
Rent
-$824
Cashflow
Cash Flow
$2,570 income − $3,394 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,570
Total Expenses
$3,394
Mortgage P&I
87%
$2,235
Property Taxes
5%
$136
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283