This property looks like a bad Long-Term investment with a projected -16.82% first-year return on $92,400 initial cash invested.
-16.82%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$1,892
Rent
-$1,295
Cashflow
Cash Flow
$1,892 income − $3,187 expenses = $1,295 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,892
Total Expenses
$3,187
Mortgage P&I
125%
$2,363
Property Taxes
9%
$173
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0