This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $94,479 initial cash invested.
-13.34%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$2,256
Rent
-$1,050
Cashflow
Cash Flow
$2,256 income − $3,306 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,256
Total Expenses
$3,306
Mortgage P&I
105%
$2,375
Property Taxes
8%
$186
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0