This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $90,174 initial cash invested.
-16.94%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$2,804
Rent
-$1,273
Cashflow
Cash Flow
$2,804 income − $4,077 expenses = $1,273 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,174
Downpayment
20%
$85,880
Closing costs
1%
$4,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$4,077
Mortgage P&I
82%
$2,304
Property Taxes
22%
$626
Home Insurance
6%
$166
HOA
9%
$253
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0