This property looks like a bad Long-Term investment with a projected -13.86% first-year return on $89,250 initial cash invested.
-13.86%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$2,753
Rent
-$1,031
Cashflow
Cash Flow
$2,753 income − $3,784 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,753
Total Expenses
$3,784
Mortgage P&I
86%
$2,369
Property Taxes
20%
$550
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0