This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $89,250 initial cash invested.
-18.37%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$1,943
Rent
-$1,366
Cashflow
Cash Flow
$1,943 income − $3,309 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,943
Total Expenses
$3,309
Mortgage P&I
120%
$2,339
Property Taxes
16%
$316
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0