This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $92,400 initial cash invested.
-13.73%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$2,189
Rent
-$1,057
Cashflow
Cash Flow
$2,189 income − $3,246 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,400
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$3,246
Mortgage P&I
106%
$2,324
Property Taxes
9%
$200
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0