This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $89,313 initial cash invested.
-16.32%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,480
Rent
-$1,215
Cashflow
Cash Flow
$2,480 income − $3,695 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,313
Downpayment
20%
$85,060
Closing costs
1%
$4,253
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$3,695
Mortgage P&I
94%
$2,323
Property Taxes
23%
$569
Home Insurance
6%
$150
HOA
0%
$8
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0