This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $89,229 initial cash invested.
-16.78%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,057
Rent
-$1,248
Cashflow
Cash Flow
$2,057 income − $3,305 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,057
Total Expenses
$3,305
Mortgage P&I
114%
$2,341
Property Taxes
14%
$280
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0