This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $92,379 initial cash invested.
-12.28%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$2,221
Rent
-$945
Cashflow
Cash Flow
$2,221 income − $3,166 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,379
Downpayment
20%
$87,980
Closing costs
1%
$4,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,221
Total Expenses
$3,166
Mortgage P&I
104%
$2,317
Property Taxes
4%
$95
Home Insurance
7%
$154
HOA
1%
$23
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0