This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $94,563 initial cash invested.
-15.28%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,802
Rent
-$1,204
Cashflow
Cash Flow
$2,802 income − $4,006 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,563
Downpayment
20%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$4,006
Mortgage P&I
88%
$2,454
Property Taxes
24%
$666
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0