This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $94,479 initial cash invested.
-16.33%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$1,960
Rent
-$1,286
Cashflow
Cash Flow
$1,960 income − $3,246 expenses = $1,286 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,479
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,960
Total Expenses
$3,246
Mortgage P&I
117%
$2,291
Property Taxes
15%
$287
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0