This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $94,500 initial cash invested.
-12.62%
Cash On Cash
3.74%
Cap Rate
0.62
DSCR
$2,726
Rent
-$994
Cashflow
Cash Flow
$2,726 income − $3,720 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,500
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,726
Total Expenses
$3,720
Mortgage P&I
83%
$2,261
Property Taxes
22%
$586
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0