This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $94,395 initial cash invested.
-9.74%
Cash On Cash
4.5%
Cap Rate
0.73
DSCR
$2,869
Rent
-$766
Cashflow
Cash Flow
$2,869 income − $3,635 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,395
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,869
Total Expenses
$3,635
Mortgage P&I
81%
$2,310
Property Taxes
15%
$423
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0