This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $90,006 initial cash invested.
-11.87%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$2,660
Rent
-$890
Cashflow
Cash Flow
$2,660 income − $3,550 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,006
Downpayment
20%
$85,720
Closing costs
1%
$4,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$3,550
Mortgage P&I
88%
$2,347
Property Taxes
13%
$357
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0