This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $94,458 initial cash invested.
-13.96%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,541
Rent
-$1,099
Cashflow
Cash Flow
$2,541 income − $3,640 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,458
Downpayment
20%
$89,960
Closing costs
1%
$4,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,541
Total Expenses
$3,640
Mortgage P&I
96%
$2,442
Property Taxes
14%
$351
Home Insurance
7%
$187
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0