This property looks like a bad Long-Term investment with a projected -11.52% first-year return on $90,069 initial cash invested.
-11.52%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$2,396
Rent
-$865
Cashflow
Cash Flow
$2,396 income − $3,261 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,396
Total Expenses
$3,261
Mortgage P&I
95%
$2,273
Property Taxes
6%
$143
Home Insurance
6%
$150
HOA
3%
$71
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0