This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $92,211 initial cash invested.
-12.6%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,691
Rent
-$968
Cashflow
Cash Flow
$2,691 income − $3,659 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,211
Downpayment
20%
$87,820
Closing costs
1%
$4,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,691
Total Expenses
$3,659
Mortgage P&I
89%
$2,389
Property Taxes
15%
$396
Home Insurance
6%
$154
HOA
1%
$20
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$161
Maintenance
5%
$135
Other
0%
$0