This property looks like a bad Long-Term investment with a projected -20.22% first-year return on $89,250 initial cash invested.
-20.22%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$1,851
Rent
-$1,504
Cashflow
Cash Flow
$1,851 income − $3,355 expenses = $1,504 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,851
Total Expenses
$3,355
Mortgage P&I
123%
$2,280
Property Taxes
24%
$444
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0