This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $90,090 initial cash invested.
-13.59%
Cash On Cash
3.49%
Cap Rate
0.58
DSCR
$2,071
Rent
-$1,020
Cashflow
Cash Flow
$2,071 income − $3,091 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,071
Total Expenses
$3,091
Mortgage P&I
104%
$2,163
Property Taxes
12%
$239
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0