This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $89,250 initial cash invested.
-13.45%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,037
Rent
-$1,000
Cashflow
Cash Flow
$2,037 income − $3,037 expenses = $1,000 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
$2,037
Total Expenses
$3,037
Mortgage P&I
114%
$2,328
Property Taxes
1%
$30
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0