This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $90,090 initial cash invested.
-11.2%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,775
Rent
-$841
Cashflow
Cash Flow
$2,775 income − $3,616 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,775
Total Expenses
$3,616
Mortgage P&I
85%
$2,352
Property Taxes
14%
$392
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0