This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $94,395 initial cash invested.
-11.12%
Cash On Cash
4.24%
Cap Rate
0.68
DSCR
$2,279
Rent
-$875
Cashflow
Cash Flow
$2,279 income − $3,154 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,395
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$3,154
Mortgage P&I
103%
$2,348
Property Taxes
2%
$56
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0