This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $89,250 initial cash invested.
-12.63%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$2,584
Rent
-$939
Cashflow
Cash Flow
$2,584 income − $3,523 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,250
Downpayment
20%
$85,000
Closing costs
1%
$4,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$3,523
Mortgage P&I
89%
$2,292
Property Taxes
15%
$397
Home Insurance
6%
$149
HOA
1%
$14
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0