This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $92,379 initial cash invested.
-19.69%
Cash On Cash
2.85%
Cap Rate
0.42
DSCR
$2,023
Rent
-$1,516
Cashflow
Cash Flow
$2,023 income − $3,539 expenses = $1,516 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,023
Total Expenses
$3,539
Mortgage P&I
122%
$2,460
Property Taxes
20%
$400
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0