This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $94,479 initial cash invested.
-13.21%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,519
Rent
-$1,040
Cashflow
Cash Flow
$2,519 income − $3,559 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,519
Total Expenses
$3,559
Mortgage P&I
97%
$2,447
Property Taxes
12%
$299
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0