This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $94,479 initial cash invested.
-15.3%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$2,792
Rent
-$1,205
Cashflow
Cash Flow
$2,792 income − $3,997 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,792
Total Expenses
$3,997
Mortgage P&I
89%
$2,489
Property Taxes
21%
$585
Home Insurance
6%
$158
HOA
1%
$38
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0