This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $90,300 initial cash invested.
-13.7%
Cash On Cash
3.74%
Cap Rate
0.59
DSCR
$2,213
Rent
-$1,031
Cashflow
Cash Flow
$2,213 income − $3,244 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,213
Total Expenses
$3,244
Mortgage P&I
102%
$2,260
Property Taxes
12%
$258
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0