This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $89,145 initial cash invested.
-8.99%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$3,215
Rent
-$668
Cashflow
Cash Flow
$3,215 income − $3,883 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,145
Downpayment
20%
$84,900
Closing costs
1%
$4,245
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,215
Total Expenses
$3,883
Mortgage P&I
73%
$2,351
Property Taxes
17%
$546
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0