This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $94,479 initial cash invested.
-19.51%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$1,674
Rent
-$1,536
Cashflow
Cash Flow
$1,674 income − $3,210 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,674
Total Expenses
$3,210
Mortgage P&I
149%
$2,491
Property Taxes
8%
$126
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0