This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $94,500 initial cash invested.
-15.38%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,525
Rent
-$1,211
Cashflow
Cash Flow
$2,525 income − $3,736 expenses = $1,211 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,525
Total Expenses
$3,736
Mortgage P&I
96%
$2,425
Property Taxes
12%
$295
Home Insurance
7%
$175
HOA
7%
$185
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0