This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $92,190 initial cash invested.
-14.97%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,481
Rent
-$1,150
Cashflow
Cash Flow
$2,481 income − $3,631 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,481
Total Expenses
$3,631
Mortgage P&I
98%
$2,421
Property Taxes
7%
$176
Home Insurance
6%
$154
HOA
9%
$235
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0