This property looks like a bad Long-Term investment with a projected -22.52% first-year return on $89,250 initial cash invested.
-22.52%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$994
Rent
-$1,675
Cashflow
Cash Flow
$994 income − $2,669 expenses = $1,675 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.7%
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
$994
Total Expenses
$2,669
Mortgage P&I
220%
$2,187
Property Taxes
7%
$74
Home Insurance
15%
$149
HOA
0%
$0
Property Management
10%
$99
CapEx
5%
$50
Vacancy
6%
$60
Maintenance
5%
$50
Other
0%
$0