This property looks like a bad Long-Term investment with a projected -20.73% first-year return on $89,250 initial cash invested.
-20.73%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$1,706
Rent
-$1,542
Cashflow
Cash Flow
$1,706 income − $3,248 expenses = $1,542 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,706
Total Expenses
$3,248
Mortgage P&I
130%
$2,213
Property Taxes
26%
$443
Home Insurance
9%
$149
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0