This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $92,379 initial cash invested.
-10.83%
Cash On Cash
4.59%
Cap Rate
0.71
DSCR
$2,902
Rent
-$834
Cashflow
Cash Flow
$2,902 income − $3,736 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,902
Total Expenses
$3,736
Mortgage P&I
82%
$2,372
Property Taxes
16%
$453
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0