This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $90,300 initial cash invested.
-6.11%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$3,272
Rent
-$460
Cashflow
Cash Flow
$3,272 income − $3,732 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,272
Total Expenses
$3,732
Mortgage P&I
71%
$2,319
Property Taxes
13%
$412
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0