This property looks like a bad Long-Term investment with a projected -20.23% first-year return on $90,090 initial cash invested.
-20.23%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,209
Rent
-$1,519
Cashflow
Cash Flow
$2,209 income − $3,728 expenses = $1,519 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,209
Total Expenses
$3,728
Mortgage P&I
108%
$2,377
Property Taxes
26%
$565
Home Insurance
7%
$150
HOA
3%
$62
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0