This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $92,379 initial cash invested.
-11.16%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,562
Rent
-$859
Cashflow
Cash Flow
$2,562 income − $3,421 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,562
Total Expenses
$3,421
Mortgage P&I
88%
$2,246
Property Taxes
13%
$324
Home Insurance
6%
$154
HOA
1%
$31
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0