This property looks like a bad Long-Term investment with a projected -17% first-year return on $90,090 initial cash invested.
-17%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$1,589
Rent
-$1,276
Cashflow
Cash Flow
$1,589 income − $2,865 expenses = $1,276 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,589
Total Expenses
$2,865
Mortgage P&I
138%
$2,200
Property Taxes
6%
$103
Home Insurance
9%
$150
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0