This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $90,111 initial cash invested.
-17.9%
Cash On Cash
3.22%
Cap Rate
0.48
DSCR
$1,927
Rent
-$1,344
Cashflow
Cash Flow
$1,927 income − $3,271 expenses = $1,344 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,111
Downpayment
20%
$85,820
Closing costs
1%
$4,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,927
Total Expenses
$3,271
Mortgage P&I
124%
$2,398
Property Taxes
11%
$218
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0