This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $92,085 initial cash invested.
-6.76%
Cash On Cash
5.01%
Cap Rate
0.84
DSCR
$3,451
Rent
-$519
Cashflow
Cash Flow
$3,451 income − $3,970 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,085
Downpayment
20%
$87,700
Closing costs
1%
$4,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$3,970
Mortgage P&I
63%
$2,176
Property Taxes
21%
$740
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0