This property looks like a bad Long-Term investment with a projected -20.73% first-year return on $90,237 initial cash invested.
-20.73%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,034
Rent
-$1,559
Cashflow
Cash Flow
$2,034 income − $3,593 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,237
Downpayment
20%
$85,940
Closing costs
1%
$4,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$3,593
Mortgage P&I
117%
$2,371
Property Taxes
16%
$324
Home Insurance
8%
$164
HOA
10%
$205
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0