This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $90,111 initial cash invested.
-12.29%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$2,557
Rent
-$923
Cashflow
Cash Flow
$2,557 income − $3,480 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,111
Downpayment
20%
$85,820
Closing costs
1%
$4,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$3,480
Mortgage P&I
86%
$2,198
Property Taxes
18%
$459
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0