This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $90,279 initial cash invested.
-8.06%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$2,920
Rent
-$606
Cashflow
Cash Flow
$2,920 income − $3,526 expenses = $606 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
$2,920
Total Expenses
$3,526
Mortgage P&I
81%
$2,357
Property Taxes
9%
$259
Home Insurance
5%
$150
HOA
0%
$1
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0