This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $92,190 initial cash invested.
-8.7%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$3,048
Rent
-$668
Cashflow
Cash Flow
$3,048 income − $3,716 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,190
Downpayment
20%
$87,800
Closing costs
1%
$4,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,048
Total Expenses
$3,716
Mortgage P&I
79%
$2,396
Property Taxes
0%
$10
Home Insurance
5%
$154
HOA
12%
$364
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0