This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $89,250 initial cash invested.
-23.48%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$1,071
Rent
-$1,746
Cashflow
Cash Flow
$1,071 income − $2,817 expenses = $1,746 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,071
Total Expenses
$2,817
Mortgage P&I
201%
$2,153
Property Taxes
22%
$236
Home Insurance
14%
$149
HOA
0%
$0
Property Management
10%
$107
CapEx
5%
$54
Vacancy
6%
$64
Maintenance
5%
$54
Other
0%
$0