This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $92,337 initial cash invested.
-8.38%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$2,904
Rent
-$645
Cashflow
Cash Flow
$2,904 income − $3,549 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,337
Downpayment
20%
$87,940
Closing costs
1%
$4,397
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,904
Total Expenses
$3,549
Mortgage P&I
79%
$2,307
Property Taxes
11%
$324
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0