This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $107k initial cash invested.
-7.36%
Cash On Cash
4.65%
Cap Rate
0.75
DSCR
$2,912
Rent
-$658
Cashflow
Cash Flow
$2,912 income − $3,570 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,912
Total Expenses
$3,570
Mortgage P&I
75%
$2,188
Property Taxes
8%
$245
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320