This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $94,500 initial cash invested.
-14.77%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,180
Rent
-$1,163
Cashflow
Cash Flow
$2,180 income − $3,343 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,180
Total Expenses
$3,343
Mortgage P&I
111%
$2,417
Property Taxes
9%
$201
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0