This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $90,069 initial cash invested.
-13.72%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,387
Rent
-$1,030
Cashflow
Cash Flow
$2,387 income − $3,417 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,387
Total Expenses
$3,417
Mortgage P&I
97%
$2,304
Property Taxes
12%
$291
Home Insurance
6%
$152
HOA
2%
$50
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0