This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $90,342 initial cash invested.
-5.11%
Cash On Cash
5.51%
Cap Rate
0.9
DSCR
$3,485
Rent
-$385
Cashflow
Cash Flow
$3,485 income − $3,870 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,342
Downpayment
20%
$86,040
Closing costs
1%
$4,302
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,485
Total Expenses
$3,870
Mortgage P&I
63%
$2,187
Property Taxes
15%
$539
Home Insurance
5%
$164
HOA
2%
$75
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0