This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $89,250 initial cash invested.
-14.29%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$2,430
Rent
-$1,063
Cashflow
Cash Flow
$2,430 income − $3,493 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,430
Total Expenses
$3,493
Mortgage P&I
93%
$2,251
Property Taxes
19%
$460
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0