This property looks like a bad Long-Term investment with a projected -19.95% first-year return on $94,479 initial cash invested.
-19.95%
Cash On Cash
2.39%
Cap Rate
0.38
DSCR
$1,519
Rent
-$1,571
Cashflow
Cash Flow
$1,519 income − $3,090 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,519
Total Expenses
$3,090
Mortgage P&I
157%
$2,392
Property Taxes
10%
$145
Home Insurance
10%
$158
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0