This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $94,395 initial cash invested.
-17.81%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$1,910
Rent
-$1,401
Cashflow
Cash Flow
$1,910 income − $3,311 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,395
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,910
Total Expenses
$3,311
Mortgage P&I
131%
$2,503
Property Taxes
8%
$153
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0