This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $90,090 initial cash invested.
-8.96%
Cash On Cash
5.3%
Cap Rate
0.79
DSCR
$3,522
Rent
-$673
Cashflow
Cash Flow
$3,522 income − $4,195 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,090
Downpayment
20%
$85,800
Closing costs
1%
$4,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,522
Total Expenses
$4,195
Mortgage P&I
68%
$2,391
Property Taxes
21%
$739
Home Insurance
4%
$150
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0