This property looks like a bad Long-Term investment with a projected -15.64% first-year return on $89,250 initial cash invested.
-15.64%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$2,727
Rent
-$1,163
Cashflow
Cash Flow
$2,727 income − $3,890 expenses = $1,163 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
$2,727
Total Expenses
$3,890
Mortgage P&I
85%
$2,330
Property Taxes
26%
$702
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0