This property looks like a bad Long-Term investment with a projected -23.09% first-year return on $92,400 initial cash invested.
-23.09%
Cash On Cash
2.11%
Cap Rate
0.31
DSCR
$1,369
Rent
-$1,778
Cashflow
Cash Flow
$1,369 income − $3,147 expenses = $1,778 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,369
Total Expenses
$3,147
Mortgage P&I
182%
$2,485
Property Taxes
11%
$153
Home Insurance
11%
$154
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0