This property looks like a bad Long-Term investment with a projected -17.79% first-year return on $94,479 initial cash invested.
-17.79%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$2,138
Rent
-$1,401
Cashflow
Cash Flow
$2,138 income − $3,539 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,138
Total Expenses
$3,539
Mortgage P&I
109%
$2,324
Property Taxes
22%
$470
Home Insurance
7%
$158
HOA
1%
$31
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0