This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $89,250 initial cash invested.
-15.21%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$2,471
Rent
-$1,131
Cashflow
Cash Flow
$2,471 income − $3,602 expenses = $1,131 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
$2,471
Total Expenses
$3,602
Mortgage P&I
95%
$2,358
Property Taxes
18%
$452
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0