This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $89,250 initial cash invested.
-16.54%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$1,785
Rent
-$1,230
Cashflow
Cash Flow
$1,785 income − $3,015 expenses = $1,230 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
$1,785
Total Expenses
$3,015
Mortgage P&I
128%
$2,278
Property Taxes
7%
$125
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0