This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $90,300 initial cash invested.
-13.59%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$2,051
Rent
-$1,023
Cashflow
Cash Flow
$2,051 income − $3,074 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,051
Total Expenses
$3,074
Mortgage P&I
106%
$2,182
Property Taxes
10%
$208
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0