This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $92,400 initial cash invested.
-6.65%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$2,825
Rent
-$512
Cashflow
Cash Flow
$2,825 income − $3,337 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,825
Total Expenses
$3,337
Mortgage P&I
86%
$2,433
Property Taxes
0%
$8
Home Insurance
5%
$154
HOA
0%
$8
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0