This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $107k initial cash invested.
-6.32%
Cash On Cash
4.95%
Cap Rate
0.81
DSCR
$3,591
Rent
-$565
Cashflow
Cash Flow
$3,591 income − $4,156 expenses = $565 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%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,591
Total Expenses
$4,156
Mortgage P&I
61%
$2,173
Property Taxes
17%
$612
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395