This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $94,479 initial cash invested.
-11.75%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$3,374
Rent
-$925
Cashflow
Cash Flow
$3,374 income − $4,299 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,374
Total Expenses
$4,299
Mortgage P&I
74%
$2,504
Property Taxes
23%
$760
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0