This property looks like a bad Long-Term investment with a projected -19% first-year return on $90,384 initial cash invested.
-19%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,304
Rent
-$1,431
Cashflow
Cash Flow
$2,304 income − $3,735 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,384
Downpayment
20%
$86,080
Closing costs
1%
$4,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,304
Total Expenses
$3,735
Mortgage P&I
102%
$2,355
Property Taxes
24%
$556
Home Insurance
8%
$184
HOA
2%
$42
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0