This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $89,250 initial cash invested.
-14.01%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,432
Rent
-$1,042
Cashflow
Cash Flow
$2,432 income − $3,474 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,432
Total Expenses
$3,474
Mortgage P&I
97%
$2,351
Property Taxes
14%
$341
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0