This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $90,363 initial cash invested.
-16.23%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$2,293
Rent
-$1,222
Cashflow
Cash Flow
$2,293 income − $3,515 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,363
Downpayment
20%
$86,060
Closing costs
1%
$4,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,293
Total Expenses
$3,515
Mortgage P&I
105%
$2,399
Property Taxes
16%
$367
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0