This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $89,229 initial cash invested.
-10.23%
Cash On Cash
4.67%
Cap Rate
0.72
DSCR
$2,498
Rent
-$761
Cashflow
Cash Flow
$2,498 income − $3,259 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,498
Total Expenses
$3,259
Mortgage P&I
92%
$2,290
Property Taxes
6%
$145
Home Insurance
6%
$149
HOA
1%
$25
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0