This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $94,485 initial cash invested.
-12.28%
Cash On Cash
4%
Cap Rate
0.64
DSCR
$2,208
Rent
-$967
Cashflow
Cash Flow
$2,208 income − $3,175 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,485
Downpayment
20%
$89,986
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$3,175
Mortgage P&I
107%
$2,356
Property Taxes
4%
$88
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0