This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $90,290 initial cash invested.
-11.39%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$2,552
Rent
-$857
Cashflow
Cash Flow
$2,552 income − $3,409 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,290
Downpayment
20%
$85,990
Closing costs
1%
$4,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,552
Total Expenses
$3,409
Mortgage P&I
91%
$2,331
Property Taxes
10%
$264
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0