This property looks like a bad Long-Term investment with a projected -17.6% first-year return on $89,250 initial cash invested.
-17.6%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$1,874
Rent
-$1,309
Cashflow
Cash Flow
$1,874 income − $3,183 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,874
Total Expenses
$3,183
Mortgage P&I
123%
$2,309
Property Taxes
13%
$238
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0