This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $94,500 initial cash invested.
-15.61%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$2,181
Rent
-$1,229
Cashflow
Cash Flow
$2,181 income − $3,410 expenses = $1,229 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
$2,181
Total Expenses
$3,410
Mortgage P&I
113%
$2,460
Property Taxes
10%
$225
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0