This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $94,500 initial cash invested.
-17.82%
Cash On Cash
2.83%
Cap Rate
0.45
DSCR
$2,077
Rent
-$1,403
Cashflow
Cash Flow
$2,077 income − $3,480 expenses = $1,403 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
$2,077
Total Expenses
$3,480
Mortgage P&I
114%
$2,359
Property Taxes
16%
$335
Home Insurance
8%
$158
HOA
4%
$87
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0