This property looks like a bad Long-Term investment with a projected -5.73% first-year return on $90,090 initial cash invested.
-5.73%
Cash On Cash
5.28%
Cap Rate
0.87
DSCR
$2,749
Rent
-$430
Cashflow
Cash Flow
$2,749 income − $3,179 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,749
Total Expenses
$3,179
Mortgage P&I
79%
$2,181
Property Taxes
5%
$134
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0