This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $89,250 initial cash invested.
-12.37%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$2,542
Rent
-$920
Cashflow
Cash Flow
$2,542 income − $3,462 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,542
Total Expenses
$3,462
Mortgage P&I
90%
$2,283
Property Taxes
15%
$369
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0