This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $94,500 initial cash invested.
-9.66%
Cash On Cash
4.5%
Cap Rate
0.73
DSCR
$2,971
Rent
-$761
Cashflow
Cash Flow
$2,971 income − $3,732 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,971
Total Expenses
$3,732
Mortgage P&I
77%
$2,299
Property Taxes
15%
$460
Home Insurance
5%
$158
HOA
1%
$42
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0