This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $94,479 initial cash invested.
-17.34%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$2,295
Rent
-$1,365
Cashflow
Cash Flow
$2,295 income − $3,660 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,295
Total Expenses
$3,660
Mortgage P&I
108%
$2,469
Property Taxes
19%
$435
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0