This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $92,400 initial cash invested.
-8.99%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$2,825
Rent
-$692
Cashflow
Cash Flow
$2,825 income − $3,517 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,825
Total Expenses
$3,517
Mortgage P&I
86%
$2,425
Property Taxes
7%
$204
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0