This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $94,542 initial cash invested.
-14.81%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$2,538
Rent
-$1,167
Cashflow
Cash Flow
$2,538 income − $3,705 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,542
Downpayment
20%
$90,040
Closing costs
1%
$4,502
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,538
Total Expenses
$3,705
Mortgage P&I
98%
$2,486
Property Taxes
16%
$401
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0