This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $89,250 initial cash invested.
-8.85%
Cash On Cash
4.62%
Cap Rate
0.76
DSCR
$2,755
Rent
-$658
Cashflow
Cash Flow
$2,755 income − $3,413 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,755
Total Expenses
$3,413
Mortgage P&I
78%
$2,155
Property Taxes
14%
$392
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0