This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $92,190 initial cash invested.
-16.9%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$1,940
Rent
-$1,298
Cashflow
Cash Flow
$1,940 income − $3,238 expenses = $1,298 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,940
Total Expenses
$3,238
Mortgage P&I
119%
$2,317
Property Taxes
10%
$188
Home Insurance
8%
$154
HOA
4%
$75
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0