This property looks like a bad Long-Term investment with a projected -1.64% first-year return on $89,250 initial cash invested.
-1.64%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$3,111
Rent
-$122
Cashflow
Cash Flow
$3,111 income − $3,233 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,111
Total Expenses
$3,233
Mortgage P&I
70%
$2,182
Property Taxes
3%
$92
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0