This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $89,271 initial cash invested.
-11.63%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,670
Rent
-$865
Cashflow
Cash Flow
$2,670 income − $3,535 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,271
Downpayment
20%
$85,020
Closing costs
1%
$4,251
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,670
Total Expenses
$3,535
Mortgage P&I
86%
$2,301
Property Taxes
15%
$390
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
6424 Easy Goer Ct, Sarasota, FL 34240 | $3,000 | 3 | 2 | 1990 | 0.7 mi |
5539 Wilde Oak Way, Sarasota, FL 34232 | $2,950 | 3 | 2 | 1944 | 0.8 mi |
2444 Briar Oak Cir, Sarasota, FL 34232 | $2,490 | 3 | 2 | 1850 | 0.1 mi |
Projection Charts
Investment Value YoY