This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $90,300 initial cash invested.
-13.69%
Cash On Cash
3.67%
Cap Rate
0.59
DSCR
$2,619
Rent
-$1,030
Cashflow
Cash Flow
$2,619 income − $3,649 expenses = $1,030 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,300
Downpayment
20%
$86,000
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,619
Total Expenses
$3,649
Mortgage P&I
85%
$2,213
Property Taxes
23%
$605
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0