This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $89,250 initial cash invested.
-10.78%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$3,060
Rent
-$802
Cashflow
Cash Flow
$3,060 income − $3,862 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,060
Total Expenses
$3,862
Mortgage P&I
77%
$2,368
Property Taxes
18%
$549
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0