This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $92,421 initial cash invested.
-11.87%
Cash On Cash
4%
Cap Rate
0.65
DSCR
$2,329
Rent
-$914
Cashflow
Cash Flow
$2,329 income − $3,243 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,421
Downpayment
20%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$3,243
Mortgage P&I
97%
$2,266
Property Taxes
9%
$209
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0