This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $92,400 initial cash invested.
-9.22%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$3,213
Rent
-$710
Cashflow
Cash Flow
$3,213 income − $3,923 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,213
Total Expenses
$3,923
Mortgage P&I
76%
$2,442
Property Taxes
15%
$491
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0