This property looks like a bad Long-Term investment with a projected -21.79% first-year return on $89,229 initial cash invested.
-21.79%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$1,379
Rent
-$1,620
Cashflow
Cash Flow
$1,379 income − $2,999 expenses = $1,620 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,229
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,379
Total Expenses
$2,999
Mortgage P&I
159%
$2,190
Property Taxes
22%
$301
Home Insurance
11%
$149
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0