This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $94,500 initial cash invested.
-15.25%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$2,054
Rent
-$1,201
Cashflow
Cash Flow
$2,054 income − $3,255 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,054
Total Expenses
$3,255
Mortgage P&I
112%
$2,297
Property Taxes
13%
$266
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0