This property looks like a bad Long-Term investment with a projected -15.86% first-year return on $92,106 initial cash invested.
-15.86%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$1,993
Rent
-$1,217
Cashflow
Cash Flow
$1,993 income − $3,210 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,106
Downpayment
20%
$87,720
Closing costs
1%
$4,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$3,210
Mortgage P&I
120%
$2,399
Property Taxes
7%
$134
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0