This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $90,300 initial cash invested.
-7.6%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$3,066
Rent
-$572
Cashflow
Cash Flow
$3,066 income − $3,638 expenses = $572 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
$3,066
Total Expenses
$3,638
Mortgage P&I
78%
$2,376
Property Taxes
8%
$254
Home Insurance
5%
$154
HOA
2%
$57
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0