This property looks like a bad Long-Term investment with a projected -1.03% first-year return on $94,479 initial cash invested.
-1.03%
Cash On Cash
6.45%
Cap Rate
1.05
DSCR
$3,948
Rent
-$81
Cashflow
Cash Flow
$3,948 income − $4,029 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,479
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,948
Total Expenses
$4,029
Mortgage P&I
58%
$2,304
Property Taxes
14%
$541
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0