This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $90,132 initial cash invested.
-7.08%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,734
Rent
-$532
Cashflow
Cash Flow
$2,734 income − $3,266 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,132
Downpayment
20%
$85,840
Closing costs
1%
$4,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,734
Total Expenses
$3,266
Mortgage P&I
85%
$2,313
Property Taxes
4%
$109
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0