This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $89,334 initial cash invested.
-6.51%
Cash On Cash
5.06%
Cap Rate
0.84
DSCR
$2,936
Rent
-$485
Cashflow
Cash Flow
$2,936 income − $3,421 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,334
Downpayment
20%
$85,080
Closing costs
1%
$4,254
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,936
Total Expenses
$3,421
Mortgage P&I
73%
$2,131
Property Taxes
12%
$351
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0