This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $92,295 initial cash invested.
-13.74%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$2,518
Rent
-$1,057
Cashflow
Cash Flow
$2,518 income − $3,575 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,295
Downpayment
20%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,518
Total Expenses
$3,575
Mortgage P&I
91%
$2,296
Property Taxes
19%
$466
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0