This property looks like a bad Long-Term investment with a projected -9.6% first-year return on $94,500 initial cash invested.
-9.6%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$3,533
Rent
-$756
Cashflow
Cash Flow
$3,533 income − $4,289 expenses = $756 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
$3,533
Total Expenses
$4,289
Mortgage P&I
70%
$2,480
Property Taxes
21%
$732
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0