This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $92,400 initial cash invested.
-16.97%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$2,062
Rent
-$1,307
Cashflow
Cash Flow
$2,062 income − $3,369 expenses = $1,307 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,062
Total Expenses
$3,369
Mortgage P&I
117%
$2,415
Property Taxes
13%
$264
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0