This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $107k initial cash invested.
-1.58%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$4,486
Rent
-$141
Cashflow
Cash Flow
$4,486 income − $4,627 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$107k
Downpayment
20%
$85,020
Closing costs
1%
$4,251
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,486
Total Expenses
$4,627
Mortgage P&I
51%
$2,300
Property Taxes
15%
$672
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493