This property looks like a bad Long-Term investment with a projected -14.32% first-year return on $94,584 initial cash invested.
-14.32%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$2,570
Rent
-$1,129
Cashflow
Cash Flow
$2,570 income − $3,699 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,584
Downpayment
20%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,570
Total Expenses
$3,699
Mortgage P&I
95%
$2,429
Property Taxes
17%
$444
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0