This property looks like a bad Long-Term investment with a projected -17.88% first-year return on $89,250 initial cash invested.
-17.88%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$2,223
Rent
-$1,330
Cashflow
Cash Flow
$2,223 income − $3,553 expenses = $1,330 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
$2,223
Total Expenses
$3,553
Mortgage P&I
105%
$2,328
Property Taxes
22%
$499
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0