This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $89,229 initial cash invested.
-13.64%
Cash On Cash
4.23%
Cap Rate
0.63
DSCR
$2,703
Rent
-$1,014
Cashflow
Cash Flow
$2,703 income − $3,717 expenses = $1,014 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,703
Total Expenses
$3,717
Mortgage P&I
88%
$2,376
Property Taxes
18%
$490
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0