This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $90,384 initial cash invested.
-15.16%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,198
Rent
-$1,142
Cashflow
Cash Flow
$2,198 income − $3,340 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,384
Downpayment
20%
$86,080
Closing costs
1%
$4,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$3,340
Mortgage P&I
107%
$2,357
Property Taxes
12%
$259
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0