This property looks like a bad Long-Term investment with a projected -23.81% first-year return on $94,500 initial cash invested.
-23.81%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$1,674
Rent
-$1,875
Cashflow
Cash Flow
$1,674 income − $3,549 expenses = $1,875 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,674
Total Expenses
$3,549
Mortgage P&I
146%
$2,445
Property Taxes
31%
$511
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0