This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $92,400 initial cash invested.
-9.92%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$2,769
Rent
-$764
Cashflow
Cash Flow
$2,769 income − $3,533 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,400
Downpayment
20%
$88,000
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,769
Total Expenses
$3,533
Mortgage P&I
86%
$2,376
Property Taxes
9%
$246
Home Insurance
6%
$154
HOA
1%
$38
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0