This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $90,153 initial cash invested.
-8.48%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$3,063
Rent
-$637
Cashflow
Cash Flow
$3,063 income − $3,700 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,153
Downpayment
20%
$85,860
Closing costs
1%
$4,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$3,700
Mortgage P&I
77%
$2,345
Property Taxes
7%
$221
Home Insurance
6%
$173
HOA
5%
$165
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0