This property looks like a bad Long-Term investment with a projected -6.55% first-year return on $89,250 initial cash invested.
-6.55%
Cash On Cash
5.29%
Cap Rate
0.85
DSCR
$3,162
Rent
-$487
Cashflow
Cash Flow
$3,162 income − $3,649 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,162
Total Expenses
$3,649
Mortgage P&I
70%
$2,201
Property Taxes
15%
$477
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0