This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $92,400 initial cash invested.
-20.35%
Cash On Cash
2.33%
Cap Rate
0.37
DSCR
$2,161
Rent
-$1,567
Cashflow
Cash Flow
$2,161 income − $3,728 expenses = $1,567 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,161
Total Expenses
$3,728
Mortgage P&I
107%
$2,315
Property Taxes
28%
$610
Home Insurance
7%
$154
HOA
4%
$87
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0