This property looks like a bad Long-Term investment with a projected -21.9% first-year return on $90,090 initial cash invested.
-21.9%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$1,570
Rent
-$1,644
Cashflow
Cash Flow
$1,570 income − $3,214 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,570
Total Expenses
$3,214
Mortgage P&I
152%
$2,392
Property Taxes
17%
$265
Home Insurance
10%
$150
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0