This property looks like a bad Long-Term investment with a projected -16.85% first-year return on $89,250 initial cash invested.
-16.85%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$1,713
Rent
-$1,253
Cashflow
Cash Flow
$1,713 income − $2,966 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,713
Total Expenses
$2,966
Mortgage P&I
130%
$2,235
Property Taxes
8%
$136
Home Insurance
9%
$149
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0