This property looks like a bad Mid-Term investment with a projected -13.26% first-year return on $107k initial cash invested.
-13.26%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$2,640
Rent
-$1,185
Cashflow
Cash Flow
$2,640 income − $3,825 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,640
Total Expenses
$3,825
Mortgage P&I
90%
$2,377
Property Taxes
15%
$401
Home Insurance
6%
$149
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290