This property looks like a bad Long-Term investment with a projected -26.22% first-year return on $92,400 initial cash invested.
-26.22%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$814
Rent
-$2,019
Cashflow
Cash Flow
$814 income − $2,833 expenses = $2,019 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.4%
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
$814
Total Expenses
$2,833
Mortgage P&I
271%
$2,204
Property Taxes
32%
$263
Home Insurance
19%
$154
HOA
0%
$0
Property Management
10%
$81
CapEx
5%
$41
Vacancy
6%
$49
Maintenance
5%
$41
Other
0%
$0