This property looks like a bad Long-Term investment with a projected -9% first-year return on $90,300 initial cash invested.
-9%
Cash On Cash
5.2%
Cap Rate
0.78
DSCR
$2,975
Rent
-$677
Cashflow
Cash Flow
$2,975 income − $3,652 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,975
Total Expenses
$3,652
Mortgage P&I
80%
$2,392
Property Taxes
11%
$336
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0