This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $90,090 initial cash invested.
-14.57%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$2,738
Rent
-$1,094
Cashflow
Cash Flow
$2,738 income − $3,832 expenses = $1,094 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
$2,738
Total Expenses
$3,832
Mortgage P&I
85%
$2,331
Property Taxes
23%
$639
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0