This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $89,250 initial cash invested.
-16.42%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,769
Rent
-$1,221
Cashflow
Cash Flow
$2,769 income − $3,990 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,769
Total Expenses
$3,990
Mortgage P&I
83%
$2,299
Property Taxes
26%
$728
Home Insurance
5%
$150
HOA
3%
$94
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0