This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $90,090 initial cash invested.
-12.96%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$2,310
Rent
-$973
Cashflow
Cash Flow
$2,310 income − $3,283 expenses = $973 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
$2,310
Total Expenses
$3,283
Mortgage P&I
100%
$2,305
Property Taxes
10%
$224
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0