This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $92,190 initial cash invested.
-14.18%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,972
Rent
-$1,089
Cashflow
Cash Flow
$2,972 income − $4,061 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,972
Total Expenses
$4,061
Mortgage P&I
81%
$2,404
Property Taxes
24%
$726
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0