This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $90,090 initial cash invested.
-12.05%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$2,533
Rent
-$905
Cashflow
Cash Flow
$2,533 income − $3,438 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,533
Total Expenses
$3,438
Mortgage P&I
90%
$2,280
Property Taxes
11%
$266
Home Insurance
6%
$150
HOA
3%
$83
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0