This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $89,229 initial cash invested.
-10.09%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,819
Rent
-$750
Cashflow
Cash Flow
$2,819 income − $3,569 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,819
Total Expenses
$3,569
Mortgage P&I
83%
$2,341
Property Taxes
12%
$346
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0