This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $94,500 initial cash invested.
-17.71%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$1,883
Rent
-$1,395
Cashflow
Cash Flow
$1,883 income − $3,278 expenses = $1,395 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
$1,883
Total Expenses
$3,278
Mortgage P&I
132%
$2,477
Property Taxes
8%
$154
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0