This property looks like a bad Long-Term investment with a projected -19.75% first-year return on $92,106 initial cash invested.
-19.75%
Cash On Cash
2.44%
Cap Rate
0.39
DSCR
$1,880
Rent
-$1,516
Cashflow
Cash Flow
$1,880 income − $3,396 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,106
Downpayment
20%
$87,720
Closing costs
1%
$4,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$3,396
Mortgage P&I
123%
$2,315
Property Taxes
23%
$434
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0