This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $89,229 initial cash invested.
-8.36%
Cash On Cash
5.09%
Cap Rate
0.79
DSCR
$2,900
Rent
-$622
Cashflow
Cash Flow
$2,900 income − $3,522 expenses = $622 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
$2,900
Total Expenses
$3,522
Mortgage P&I
79%
$2,280
Property Taxes
12%
$339
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0