This property looks like a bad Long-Term investment with a projected -15.64% first-year return on $89,229 initial cash invested.
-15.64%
Cash On Cash
3.19%
Cap Rate
0.52
DSCR
$2,394
Rent
-$1,163
Cashflow
Cash Flow
$2,394 income − $3,557 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,229
Downpayment
20%
$84,980
Closing costs
1%
$4,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,557
Mortgage P&I
91%
$2,173
Property Taxes
26%
$612
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0