This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $89,271 initial cash invested.
-11.96%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$2,991
Rent
-$890
Cashflow
Cash Flow
$2,991 income − $3,881 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,271
Downpayment
20%
$85,020
Closing costs
1%
$4,251
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,991
Total Expenses
$3,881
Mortgage P&I
77%
$2,300
Property Taxes
22%
$672
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0