This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $90,279 initial cash invested.
-11.91%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$2,272
Rent
-$896
Cashflow
Cash Flow
$2,272 income − $3,168 expenses = $896 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,279
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,272
Total Expenses
$3,168
Mortgage P&I
96%
$2,186
Property Taxes
11%
$241
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0