This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $107k initial cash invested.
-6.18%
Cash On Cash
5.36%
Cap Rate
0.82
DSCR
$3,290
Rent
-$552
Cashflow
Cash Flow
$3,290 income − $3,842 expenses = $552 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
$3,290
Total Expenses
$3,842
Mortgage P&I
70%
$2,319
Property Taxes
7%
$229
Home Insurance
5%
$149
HOA
1%
$25
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362