This property looks like a bad Long-Term investment with a projected -17.28% first-year return on $92,379 initial cash invested.
-17.28%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$2,417
Rent
-$1,330
Cashflow
Cash Flow
$2,417 income − $3,747 expenses = $1,330 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
$2,417
Total Expenses
$3,747
Mortgage P&I
98%
$2,375
Property Taxes
24%
$589
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0