This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $90,069 initial cash invested.
-12.44%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$2,160
Rent
-$934
Cashflow
Cash Flow
$2,160 income − $3,094 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,069
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,160
Total Expenses
$3,094
Mortgage P&I
101%
$2,181
Property Taxes
9%
$197
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0