This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $89,250 initial cash invested.
-15.77%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$2,636
Rent
-$1,173
Cashflow
Cash Flow
$2,636 income − $3,809 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,636
Total Expenses
$3,809
Mortgage P&I
83%
$2,189
Property Taxes
30%
$785
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0