This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $90,090 initial cash invested.
-12.31%
Cash On Cash
3.88%
Cap Rate
0.63
DSCR
$2,189
Rent
-$924
Cashflow
Cash Flow
$2,189 income − $3,113 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,189
Total Expenses
$3,113
Mortgage P&I
101%
$2,203
Property Taxes
9%
$192
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0