This property looks like a bad Long-Term investment with a projected -10.82% first-year return on $89,145 initial cash invested.
-10.82%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$2,519
Rent
-$804
Cashflow
Cash Flow
$2,519 income − $3,323 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,145
Downpayment
20%
$84,900
Closing costs
1%
$4,245
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$3,323
Mortgage P&I
86%
$2,167
Property Taxes
14%
$348
Home Insurance
6%
$146
HOA
0%
$7
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0