This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $94,500 initial cash invested.
-18.08%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$2,530
Rent
-$1,424
Cashflow
Cash Flow
$2,530 income − $3,954 expenses = $1,424 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
$2,530
Total Expenses
$3,954
Mortgage P&I
91%
$2,300
Property Taxes
33%
$839
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0