This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $89,229 initial cash invested.
-13.46%
Cash On Cash
4.25%
Cap Rate
0.63
DSCR
$2,280
Rent
-$1,001
Cashflow
Cash Flow
$2,280 income − $3,281 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,280
Total Expenses
$3,281
Mortgage P&I
105%
$2,391
Property Taxes
6%
$148
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0