This property looks like a bad Long-Term investment with a projected -5.08% first-year return on $89,250 initial cash invested.
-5.08%
Cash On Cash
5.96%
Cap Rate
0.91
DSCR
$3,225
Rent
-$378
Cashflow
Cash Flow
$3,225 income − $3,603 expenses = $378 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,225
Total Expenses
$3,603
Mortgage P&I
72%
$2,328
Property Taxes
9%
$288
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$194
Maintenance
5%
$161
Other
0%
$0