This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $89,250 initial cash invested.
-21.85%
Cash On Cash
2.37%
Cap Rate
0.35
DSCR
$1,760
Rent
-$1,625
Cashflow
Cash Flow
$1,760 income − $3,385 expenses = $1,625 out of pocket
Investment Breakdown
|
Purchase Price
$425k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,760
Total Expenses
$3,385
Mortgage P&I
135%
$2,377
Property Taxes
23%
$401
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0