This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $94,479 initial cash invested.
-13.6%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$2,425
Rent
-$1,071
Cashflow
Cash Flow
$2,425 income − $3,496 expenses = $1,071 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
$2,425
Total Expenses
$3,496
Mortgage P&I
95%
$2,307
Property Taxes
15%
$368
Home Insurance
7%
$158
HOA
1%
$33
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0