This property looks like a bad Long-Term investment with a projected -12.92% first-year return on $92,400 initial cash invested.
-12.92%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,648
Rent
-$995
Cashflow
Cash Flow
$2,648 income − $3,643 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,648
Total Expenses
$3,643
Mortgage P&I
91%
$2,417
Property Taxes
14%
$384
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0