This property looks like a bad Long-Term investment with a projected -11.38% first-year return on $90,132 initial cash invested.
-11.38%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$3,052
Rent
-$855
Cashflow
Cash Flow
$3,052 income − $3,907 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,132
Downpayment
20%
$85,840
Closing costs
1%
$4,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,052
Total Expenses
$3,907
Mortgage P&I
74%
$2,273
Property Taxes
22%
$674
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0