This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $107k initial cash invested.
-3.85%
Cash On Cash
5.94%
Cap Rate
0.92
DSCR
$3,784
Rent
-$344
Cashflow
Cash Flow
$3,784 income − $4,128 expenses = $344 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%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$4,128
Mortgage P&I
61%
$2,296
Property Taxes
10%
$397
Home Insurance
4%
$149
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416