This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $92,400 initial cash invested.
-14.97%
Cash On Cash
3.98%
Cap Rate
0.58
DSCR
$2,298
Rent
-$1,153
Cashflow
Cash Flow
$2,298 income − $3,451 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,298
Total Expenses
$3,451
Mortgage P&I
109%
$2,497
Property Taxes
9%
$202
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0