This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $94,563 initial cash invested.
-15.02%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,544
Rent
-$1,184
Cashflow
Cash Flow
$2,544 income − $3,728 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,563
Downpayment
20%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,544
Total Expenses
$3,728
Mortgage P&I
95%
$2,428
Property Taxes
19%
$478
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0