This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $90,090 initial cash invested.
-18.7%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$1,676
Rent
-$1,404
Cashflow
Cash Flow
$1,676 income − $3,080 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,676
Total Expenses
$3,080
Mortgage P&I
139%
$2,335
Property Taxes
9%
$158
Home Insurance
9%
$150
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0