This property looks like a bad Long-Term investment with a projected -7.29% first-year return on $90,090 initial cash invested.
-7.29%
Cash On Cash
5.16%
Cap Rate
0.82
DSCR
$3,020
Rent
-$547
Cashflow
Cash Flow
$3,020 income − $3,567 expenses = $547 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,020
Total Expenses
$3,567
Mortgage P&I
74%
$2,240
Property Taxes
13%
$392
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0