This property looks like a bad Long-Term investment with a projected -17.32% first-year return on $92,358 initial cash invested.
-17.32%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$2,279
Rent
-$1,333
Cashflow
Cash Flow
$2,279 income − $3,612 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,358
Downpayment
20%
$87,960
Closing costs
1%
$4,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$3,612
Mortgage P&I
105%
$2,402
Property Taxes
20%
$460
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0