This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $89,208 initial cash invested.
-10.76%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,680
Rent
-$800
Cashflow
Cash Flow
$2,680 income − $3,480 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,208
Downpayment
20%
$84,960
Closing costs
1%
$4,248
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$3,480
Mortgage P&I
87%
$2,340
Property Taxes
11%
$291
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0