This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $92,232 initial cash invested.
-18.19%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$2,265
Rent
-$1,398
Cashflow
Cash Flow
$2,265 income − $3,663 expenses = $1,398 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,232
Downpayment
20%
$87,840
Closing costs
1%
$4,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,265
Total Expenses
$3,663
Mortgage P&I
106%
$2,406
Property Taxes
23%
$512
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0