This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $94,395 initial cash invested.
-12.66%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$2,627
Rent
-$996
Cashflow
Cash Flow
$2,627 income − $3,623 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,395
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,627
Total Expenses
$3,623
Mortgage P&I
89%
$2,335
Property Taxes
17%
$448
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0