This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $107k initial cash invested.
-8.95%
Cash On Cash
4.72%
Cap Rate
0.71
DSCR
$3,249
Rent
-$800
Cashflow
Cash Flow
$3,249 income − $4,049 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,249
Total Expenses
$4,049
Mortgage P&I
72%
$2,340
Property Taxes
14%
$456
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357