This property looks like a bad Long-Term investment with a projected -5.55% first-year return on $92,400 initial cash invested.
-5.55%
Cash On Cash
5.97%
Cap Rate
0.89
DSCR
$3,330
Rent
-$427
Cashflow
Cash Flow
$3,330 income − $3,757 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$440k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,330
Total Expenses
$3,757
Mortgage P&I
74%
$2,451
Property Taxes
9%
$287
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0