This property looks like a bad Long-Term investment with a projected -21.87% first-year return on $94,500 initial cash invested.
-21.87%
Cash On Cash
1.72%
Cap Rate
0.28
DSCR
$1,358
Rent
-$1,722
Cashflow
Cash Flow
$1,358 income − $3,080 expenses = $1,722 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
$1,358
Total Expenses
$3,080
Mortgage P&I
169%
$2,299
Property Taxes
20%
$270
Home Insurance
12%
$158
HOA
0%
$0
Property Management
10%
$136
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0