This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $89,250 initial cash invested.
-11.99%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,393
Rent
-$892
Cashflow
Cash Flow
$2,393 income − $3,285 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,393
Total Expenses
$3,285
Mortgage P&I
96%
$2,305
Property Taxes
9%
$208
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0