This property looks like a bad Long-Term investment with a projected -11% first-year return on $92,421 initial cash invested.
-11%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,698
Rent
-$847
Cashflow
Cash Flow
$2,698 income − $3,545 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,421
Downpayment
20%
$88,020
Closing costs
1%
$4,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,698
Total Expenses
$3,545
Mortgage P&I
89%
$2,413
Property Taxes
10%
$272
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0