This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $90,300 initial cash invested.
-14.21%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,831
Rent
-$1,069
Cashflow
Cash Flow
$2,831 income − $3,900 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,831
Total Expenses
$3,900
Mortgage P&I
83%
$2,347
Property Taxes
24%
$666
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0