This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $90,300 initial cash invested.
-11.39%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,448
Rent
-$857
Cashflow
Cash Flow
$2,448 income − $3,305 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,448
Total Expenses
$3,305
Mortgage P&I
95%
$2,322
Property Taxes
8%
$197
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0