This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $89,250 initial cash invested.
-11.81%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$2,338
Rent
-$878
Cashflow
Cash Flow
$2,338 income − $3,216 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,338
Total Expenses
$3,216
Mortgage P&I
96%
$2,235
Property Taxes
10%
$224
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0