This property looks like a bad Long-Term investment with a projected -18.25% first-year return on $90,279 initial cash invested.
-18.25%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$1,856
Rent
-$1,373
Cashflow
Cash Flow
$1,856 income − $3,229 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$430k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,279
Downpayment
20%
$85,980
Closing costs
1%
$4,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$3,229
Mortgage P&I
120%
$2,234
Property Taxes
20%
$362
Home Insurance
8%
$150
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0