This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $92,379 initial cash invested.
-16.15%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$1,960
Rent
-$1,243
Cashflow
Cash Flow
$1,960 income − $3,203 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,960
Total Expenses
$3,203
Mortgage P&I
120%
$2,356
Property Taxes
9%
$183
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0