This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $92,400 initial cash invested.
-14.81%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$2,422
Rent
-$1,140
Cashflow
Cash Flow
$2,422 income − $3,562 expenses = $1,140 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
$2,422
Total Expenses
$3,562
Mortgage P&I
98%
$2,372
Property Taxes
17%
$407
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0