This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $94,479 initial cash invested.
-10.88%
Cash On Cash
4.86%
Cap Rate
0.72
DSCR
$2,995
Rent
-$857
Cashflow
Cash Flow
$2,995 income − $3,852 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,995
Total Expenses
$3,852
Mortgage P&I
84%
$2,529
Property Taxes
13%
$385
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0