This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $94,500 initial cash invested.
-7.95%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$3,305
Rent
-$626
Cashflow
Cash Flow
$3,305 income − $3,931 expenses = $626 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
$3,305
Total Expenses
$3,931
Mortgage P&I
70%
$2,308
Property Taxes
18%
$607
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0