This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $90,069 initial cash invested.
-13.71%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$2,657
Rent
-$1,029
Cashflow
Cash Flow
$2,657 income − $3,686 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,069
Downpayment
20%
$85,780
Closing costs
1%
$4,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,657
Total Expenses
$3,686
Mortgage P&I
88%
$2,341
Property Taxes
17%
$444
Home Insurance
8%
$210
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0