This property looks like a bad Long-Term investment with a projected -17.31% first-year return on $92,190 initial cash invested.
-17.31%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,008
Rent
-$1,330
Cashflow
Cash Flow
$2,008 income − $3,338 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,190
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,008
Total Expenses
$3,338
Mortgage P&I
117%
$2,341
Property Taxes
16%
$322
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0