This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $89,985 initial cash invested.
-14.78%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$2,467
Rent
-$1,108
Cashflow
Cash Flow
$2,467 income − $3,575 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,985
Downpayment
20%
$85,700
Closing costs
1%
$4,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,467
Total Expenses
$3,575
Mortgage P&I
95%
$2,353
Property Taxes
17%
$431
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0