This property looks like a bad Long-Term investment with a projected -14.88% first-year return on $89,250 initial cash invested.
-14.88%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$1,976
Rent
-$1,107
Cashflow
Cash Flow
$1,976 income − $3,083 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,976
Total Expenses
$3,083
Mortgage P&I
116%
$2,291
Property Taxes
6%
$128
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0