This property looks like a bad Long-Term investment with a projected -16.55% first-year return on $92,400 initial cash invested.
-16.55%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$2,384
Rent
-$1,274
Cashflow
Cash Flow
$2,384 income − $3,658 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,384
Total Expenses
$3,658
Mortgage P&I
100%
$2,391
Property Taxes
19%
$461
Home Insurance
6%
$154
HOA
1%
$33
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0