This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $89,250 initial cash invested.
-13.1%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,523
Rent
-$974
Cashflow
Cash Flow
$2,523 income − $3,497 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,523
Total Expenses
$3,497
Mortgage P&I
91%
$2,296
Property Taxes
16%
$397
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0