This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $90,300 initial cash invested.
-12.2%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,370
Rent
-$918
Cashflow
Cash Flow
$2,370 income − $3,288 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,370
Total Expenses
$3,288
Mortgage P&I
101%
$2,394
Property Taxes
4%
$85
Home Insurance
6%
$150
HOA
2%
$44
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0