This property looks like a bad Long-Term investment with a projected -17.32% first-year return on $94,479 initial cash invested.
-17.32%
Cash On Cash
3.44%
Cap Rate
0.51
DSCR
$2,478
Rent
-$1,364
Cashflow
Cash Flow
$2,478 income − $3,842 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,479
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,842
Mortgage P&I
102%
$2,529
Property Taxes
21%
$510
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0