This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $89,250 initial cash invested.
-9.01%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$2,820
Rent
-$670
Cashflow
Cash Flow
$2,820 income − $3,490 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,820
Total Expenses
$3,490
Mortgage P&I
76%
$2,153
Property Taxes
16%
$455
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0