This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $92,379 initial cash invested.
-14.11%
Cash On Cash
3.57%
Cap Rate
0.57
DSCR
$2,171
Rent
-$1,086
Cashflow
Cash Flow
$2,171 income − $3,257 expenses = $1,086 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,379
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,171
Total Expenses
$3,257
Mortgage P&I
105%
$2,285
Property Taxes
12%
$253
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0