This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $89,250 initial cash invested.
-20.72%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$1,260
Rent
-$1,541
Cashflow
Cash Flow
$1,260 income − $2,801 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,260
Total Expenses
$2,801
Mortgage P&I
177%
$2,235
Property Taxes
7%
$89
Home Insurance
12%
$149
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0