This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $90,195 initial cash invested.
-10.2%
Cash On Cash
4.33%
Cap Rate
0.71
DSCR
$2,420
Rent
-$767
Cashflow
Cash Flow
$2,420 income − $3,187 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,195
Downpayment
20%
$85,900
Closing costs
1%
$4,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,420
Total Expenses
$3,187
Mortgage P&I
91%
$2,195
Property Taxes
9%
$209
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0