This property looks like a bad Long-Term investment with a projected -15.46% first-year return on $92,378 initial cash invested.
-15.46%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$2,349
Rent
-$1,190
Cashflow
Cash Flow
$2,349 income − $3,539 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,378
Downpayment
20%
$87,979
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$3,539
Mortgage P&I
101%
$2,364
Property Taxes
18%
$411
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0