This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $89,250 initial cash invested.
-15.58%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$2,083
Rent
-$1,159
Cashflow
Cash Flow
$2,083 income − $3,242 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,083
Total Expenses
$3,242
Mortgage P&I
112%
$2,323
Property Taxes
11%
$229
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0