This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $94,500 initial cash invested.
-16.51%
Cash On Cash
2.99%
Cap Rate
0.48
DSCR
$2,127
Rent
-$1,300
Cashflow
Cash Flow
$2,127 income − $3,427 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,127
Total Expenses
$3,427
Mortgage P&I
109%
$2,317
Property Taxes
19%
$399
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0