This property looks like a bad Long-Term investment with a projected -6.41% first-year return on $89,250 initial cash invested.
-6.41%
Cash On Cash
5.46%
Cap Rate
0.86
DSCR
$3,019
Rent
-$477
Cashflow
Cash Flow
$3,019 income − $3,496 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,019
Total Expenses
$3,496
Mortgage P&I
75%
$2,258
Property Taxes
10%
$304
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0