This property looks like a bad Long-Term investment with a projected -20.32% first-year return on $92,127 initial cash invested.
-20.32%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$2,293
Rent
-$1,560
Cashflow
Cash Flow
$2,293 income − $3,853 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$439k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,127
Downpayment
20%
$87,740
Closing costs
1%
$4,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,293
Total Expenses
$3,853
Mortgage P&I
103%
$2,353
Property Taxes
32%
$727
Home Insurance
7%
$166
HOA
0%
$10
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0