This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $92,232 initial cash invested.
-18.35%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$2,105
Rent
-$1,410
Cashflow
Cash Flow
$2,105 income − $3,515 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,232
Downpayment
20%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,105
Total Expenses
$3,515
Mortgage P&I
113%
$2,380
Property Taxes
20%
$431
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0