This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $92,295 initial cash invested.
-15.3%
Cash On Cash
3.66%
Cap Rate
0.55
DSCR
$1,966
Rent
-$1,177
Cashflow
Cash Flow
$1,966 income − $3,143 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,295
Downpayment
20%
$87,900
Closing costs
1%
$4,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,966
Total Expenses
$3,143
Mortgage P&I
123%
$2,418
Property Taxes
3%
$56
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0