This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $89,250 initial cash invested.
-14.79%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$1,996
Rent
-$1,100
Cashflow
Cash Flow
$1,996 income − $3,096 expenses = $1,100 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,996
Total Expenses
$3,096
Mortgage P&I
108%
$2,162
Property Taxes
13%
$265
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0