This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $94,479 initial cash invested.
-14.06%
Cash On Cash
4.07%
Cap Rate
0.61
DSCR
$2,775
Rent
-$1,107
Cashflow
Cash Flow
$2,775 income − $3,882 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,775
Total Expenses
$3,882
Mortgage P&I
90%
$2,493
Property Taxes
9%
$246
Home Insurance
6%
$158
HOA
9%
$263
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0