This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $94,479 initial cash invested.
-20.02%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$2,219
Rent
-$1,576
Cashflow
Cash Flow
$2,219 income − $3,795 expenses = $1,576 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
$2,219
Total Expenses
$3,795
Mortgage P&I
112%
$2,491
Property Taxes
26%
$569
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0