This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $90,321 initial cash invested.
-12.2%
Cash On Cash
3.9%
Cap Rate
0.63
DSCR
$2,284
Rent
-$918
Cashflow
Cash Flow
$2,284 income − $3,202 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,321
Downpayment
20%
$86,020
Closing costs
1%
$4,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,284
Total Expenses
$3,202
Mortgage P&I
96%
$2,201
Property Taxes
11%
$254
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0