This property looks like a bad Long-Term investment with a projected -16.69% first-year return on $92,397 initial cash invested.
-16.69%
Cash On Cash
3.75%
Cap Rate
0.54
DSCR
$2,530
Rent
-$1,285
Cashflow
Cash Flow
$2,530 income − $3,815 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,397
Downpayment
20%
$87,997
Closing costs
1%
$4,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,815
Mortgage P&I
100%
$2,535
Property Taxes
19%
$469
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0