This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $94,500 initial cash invested.
-16.08%
Cash On Cash
3.8%
Cap Rate
0.56
DSCR
$2,495
Rent
-$1,266
Cashflow
Cash Flow
$2,495 income − $3,761 expenses = $1,266 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,495
Total Expenses
$3,761
Mortgage P&I
103%
$2,565
Property Taxes
16%
$388
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0