This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $94,500 initial cash invested.
-18.27%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$2,043
Rent
-$1,439
Cashflow
Cash Flow
$2,043 income − $3,482 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,043
Total Expenses
$3,482
Mortgage P&I
121%
$2,465
Property Taxes
16%
$328
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0