This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $94,500 initial cash invested.
-15.11%
Cash On Cash
3.37%
Cap Rate
0.54
DSCR
$1,979
Rent
-$1,190
Cashflow
Cash Flow
$1,979 income − $3,169 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,979
Total Expenses
$3,169
Mortgage P&I
119%
$2,353
Property Taxes
7%
$143
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0