This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $92,190 initial cash invested.
-14.23%
Cash On Cash
4.15%
Cap Rate
0.61
DSCR
$2,760
Rent
-$1,093
Cashflow
Cash Flow
$2,760 income − $3,853 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,760
Total Expenses
$3,853
Mortgage P&I
90%
$2,475
Property Taxes
18%
$506
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0