This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $94,500 initial cash invested.
-14.26%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,409
Rent
-$1,123
Cashflow
Cash Flow
$2,409 income − $3,532 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,409
Total Expenses
$3,532
Mortgage P&I
103%
$2,476
Property Taxes
10%
$239
Home Insurance
7%
$158
HOA
1%
$33
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0