This property looks like a bad Long-Term investment with a projected -16.99% first-year return on $94,500 initial cash invested.
-16.99%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$2,120
Rent
-$1,338
Cashflow
Cash Flow
$2,120 income − $3,458 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,120
Total Expenses
$3,458
Mortgage P&I
116%
$2,464
Property Taxes
10%
$213
Home Insurance
7%
$158
HOA
3%
$72
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0