This property looks like a bad Long-Term investment with a projected -15.06% first-year return on $92,379 initial cash invested.
-15.06%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,311
Rent
-$1,159
Cashflow
Cash Flow
$2,311 income − $3,470 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,311
Total Expenses
$3,470
Mortgage P&I
104%
$2,412
Property Taxes
13%
$302
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0