This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $89,229 initial cash invested.
-7.24%
Cash On Cash
5.41%
Cap Rate
0.83
DSCR
$2,826
Rent
-$538
Cashflow
Cash Flow
$2,826 income − $3,364 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,229
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,826
Total Expenses
$3,364
Mortgage P&I
82%
$2,314
Property Taxes
6%
$166
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0