This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $94,500 initial cash invested.
-12.11%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$2,483
Rent
-$954
Cashflow
Cash Flow
$2,483 income − $3,437 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,483
Total Expenses
$3,437
Mortgage P&I
100%
$2,488
Property Taxes
6%
$146
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0