This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $107k initial cash invested.
-8.32%
Cash On Cash
4.4%
Cap Rate
0.72
DSCR
$3,178
Rent
-$743
Cashflow
Cash Flow
$3,178 income − $3,921 expenses = $743 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%
$84,978
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$3,921
Mortgage P&I
68%
$2,174
Property Taxes
16%
$518
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350