This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $94,500 initial cash invested.
-10.9%
Cash On Cash
4.17%
Cap Rate
0.68
DSCR
$2,402
Rent
-$858
Cashflow
Cash Flow
$2,402 income − $3,260 expenses = $858 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,402
Total Expenses
$3,260
Mortgage P&I
96%
$2,302
Property Taxes
7%
$176
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0