This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $90,300 initial cash invested.
-11.71%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$2,699
Rent
-$881
Cashflow
Cash Flow
$2,699 income − $3,580 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,699
Total Expenses
$3,580
Mortgage P&I
86%
$2,326
Property Taxes
15%
$402
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0