This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $92,379 initial cash invested.
-15.2%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,699
Rent
-$1,170
Cashflow
Cash Flow
$2,699 income − $3,869 expenses = $1,170 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,699
Total Expenses
$3,869
Mortgage P&I
89%
$2,391
Property Taxes
19%
$523
Home Insurance
6%
$154
HOA
4%
$99
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0