This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $92,085 initial cash invested.
-11.56%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$2,660
Rent
-$887
Cashflow
Cash Flow
$2,660 income − $3,547 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,085
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,660
Total Expenses
$3,547
Mortgage P&I
91%
$2,412
Property Taxes
11%
$293
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0