This property looks like a bad Long-Term investment with a projected -21.95% first-year return on $92,400 initial cash invested.
-21.95%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$2,043
Rent
-$1,690
Cashflow
Cash Flow
$2,043 income − $3,733 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,043
Total Expenses
$3,733
Mortgage P&I
110%
$2,245
Property Taxes
38%
$783
Home Insurance
8%
$154
HOA
1%
$20
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0