This property looks like a bad Mid-Term investment with a projected -11.64% first-year return on $107k initial cash invested.
-11.64%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,776
Rent
-$1,040
Cashflow
Cash Flow
$2,776 income − $3,816 expenses = $1,040 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
$2,776
Total Expenses
$3,816
Mortgage P&I
82%
$2,280
Property Taxes
16%
$444
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305