This property looks like a bad Long-Term investment with a projected -20.79% first-year return on $89,250 initial cash invested.
-20.79%
Cash On Cash
2.66%
Cap Rate
0.39
DSCR
$1,511
Rent
-$1,546
Cashflow
Cash Flow
$1,511 income − $3,057 expenses = $1,546 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,511
Total Expenses
$3,057
Mortgage P&I
160%
$2,412
Property Taxes
7%
$102
Home Insurance
10%
$149
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0