This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $92,085 initial cash invested.
-9.2%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$2,892
Rent
-$706
Cashflow
Cash Flow
$2,892 income − $3,598 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,085
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,892
Total Expenses
$3,598
Mortgage P&I
85%
$2,453
Property Taxes
8%
$238
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0