This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $90,027 initial cash invested.
-13.65%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,581
Rent
-$1,024
Cashflow
Cash Flow
$2,581 income − $3,605 expenses = $1,024 out of pocket
Investment Breakdown
|
Purchase Price
$429k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,027
Downpayment
20%
$85,740
Closing costs
1%
$4,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,581
Total Expenses
$3,605
Mortgage P&I
91%
$2,347
Property Taxes
17%
$437
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0