This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $90,174 initial cash invested.
-10.86%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$2,542
Rent
-$816
Cashflow
Cash Flow
$2,542 income − $3,358 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,174
Downpayment
20%
$85,880
Closing costs
1%
$4,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,542
Total Expenses
$3,358
Mortgage P&I
91%
$2,303
Property Taxes
9%
$240
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0