This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $90,300 initial cash invested.
-14.59%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$2,383
Rent
-$1,098
Cashflow
Cash Flow
$2,383 income − $3,481 expenses = $1,098 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
$2,383
Total Expenses
$3,481
Mortgage P&I
97%
$2,311
Property Taxes
17%
$401
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0