This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $90,069 initial cash invested.
-8.37%
Cash On Cash
5.02%
Cap Rate
0.79
DSCR
$2,848
Rent
-$628
Cashflow
Cash Flow
$2,848 income − $3,476 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,069
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,848
Total Expenses
$3,476
Mortgage P&I
80%
$2,282
Property Taxes
7%
$210
Home Insurance
5%
$154
HOA
3%
$90
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0