This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $90,090 initial cash invested.
-18.14%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$2,453
Rent
-$1,362
Cashflow
Cash Flow
$2,453 income − $3,815 expenses = $1,362 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,453
Total Expenses
$3,815
Mortgage P&I
97%
$2,383
Property Taxes
25%
$602
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0