This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $90,300 initial cash invested.
-13.44%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$2,227
Rent
-$1,011
Cashflow
Cash Flow
$2,227 income − $3,238 expenses = $1,011 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
$2,227
Total Expenses
$3,238
Mortgage P&I
107%
$2,372
Property Taxes
6%
$137
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0