This property looks like a bad Long-Term investment with a projected -19.02% first-year return on $92,379 initial cash invested.
-19.02%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,530
Rent
-$1,464
Cashflow
Cash Flow
$2,530 income − $3,994 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,379
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,994
Mortgage P&I
96%
$2,439
Property Taxes
29%
$744
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0