This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $89,250 initial cash invested.
-14.79%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$2,193
Rent
-$1,100
Cashflow
Cash Flow
$2,193 income − $3,293 expenses = $1,100 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
$2,193
Total Expenses
$3,293
Mortgage P&I
106%
$2,319
Property Taxes
10%
$229
Home Insurance
7%
$149
HOA
1%
$25
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0