This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $90,300 initial cash invested.
-14.38%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,183
Rent
-$1,082
Cashflow
Cash Flow
$2,183 income − $3,265 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,183
Total Expenses
$3,265
Mortgage P&I
109%
$2,372
Property Taxes
8%
$176
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0