This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $107k initial cash invested.
-13.07%
Cash On Cash
3.77%
Cap Rate
0.55
DSCR
$2,266
Rent
-$1,168
Cashflow
Cash Flow
$2,266 income − $3,434 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,266
Total Expenses
$3,434
Mortgage P&I
106%
$2,412
Property Taxes
5%
$102
Home Insurance
7%
$149
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249