This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $89,229 initial cash invested.
-15.99%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$2,109
Rent
-$1,189
Cashflow
Cash Flow
$2,109 income − $3,298 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,229
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,109
Total Expenses
$3,298
Mortgage P&I
109%
$2,295
Property Taxes
15%
$306
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0