This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $92,484 initial cash invested.
-17.36%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$2,002
Rent
-$1,338
Cashflow
Cash Flow
$2,002 income − $3,340 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,484
Downpayment
20%
$88,080
Closing costs
1%
$4,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,002
Total Expenses
$3,340
Mortgage P&I
121%
$2,417
Property Taxes
12%
$245
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0