This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $90,342 initial cash invested.
-13.24%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,297
Rent
-$997
Cashflow
Cash Flow
$2,297 income − $3,294 expenses = $997 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,297
Total Expenses
$3,294
Mortgage P&I
102%
$2,337
Property Taxes
9%
$212
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0