This property looks like a bad Long-Term investment with a projected -4.05% first-year return on $90,363 initial cash invested.
-4.05%
Cash On Cash
6.18%
Cap Rate
0.94
DSCR
$3,013
Rent
-$305
Cashflow
Cash Flow
$3,013 income − $3,318 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,013
Total Expenses
$3,318
Mortgage P&I
79%
$2,370
Property Taxes
0%
$10
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0