This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $90,090 initial cash invested.
-11.44%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,542
Rent
-$859
Cashflow
Cash Flow
$2,542 income − $3,401 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,542
Total Expenses
$3,401
Mortgage P&I
91%
$2,314
Property Taxes
9%
$232
Home Insurance
6%
$150
HOA
2%
$44
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0