This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $94,479 initial cash invested.
-16.33%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$2,099
Rent
-$1,286
Cashflow
Cash Flow
$2,099 income − $3,385 expenses = $1,286 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,099
Total Expenses
$3,385
Mortgage P&I
112%
$2,357
Property Taxes
13%
$278
Home Insurance
8%
$158
HOA
2%
$46
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0