This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $90,090 initial cash invested.
-15.24%
Cash On Cash
3.11%
Cap Rate
0.52
DSCR
$2,022
Rent
-$1,144
Cashflow
Cash Flow
$2,022 income − $3,166 expenses = $1,144 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,022
Total Expenses
$3,166
Mortgage P&I
107%
$2,155
Property Taxes
17%
$336
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0