This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $90,300 initial cash invested.
-17.78%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$2,291
Rent
-$1,338
Cashflow
Cash Flow
$2,291 income − $3,629 expenses = $1,338 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
$2,291
Total Expenses
$3,629
Mortgage P&I
101%
$2,309
Property Taxes
25%
$574
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0