This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $90,279 initial cash invested.
-11.55%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,621
Rent
-$869
Cashflow
Cash Flow
$2,621 income − $3,490 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,621
Total Expenses
$3,490
Mortgage P&I
90%
$2,357
Property Taxes
12%
$302
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0