This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $89,250 initial cash invested.
-12.37%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$2,563
Rent
-$920
Cashflow
Cash Flow
$2,563 income − $3,483 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,563
Total Expenses
$3,483
Mortgage P&I
85%
$2,175
Property Taxes
19%
$493
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0