This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $90,279 initial cash invested.
-13.97%
Cash On Cash
3.71%
Cap Rate
0.59
DSCR
$2,199
Rent
-$1,051
Cashflow
Cash Flow
$2,199 income − $3,250 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,279
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$3,250
Mortgage P&I
103%
$2,270
Property Taxes
12%
$258
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0