This property looks like a bad Long-Term investment with a projected -21.7% first-year return on $94,500 initial cash invested.
-21.7%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$1,796
Rent
-$1,709
Cashflow
Cash Flow
$1,796 income − $3,505 expenses = $1,709 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
$1,796
Total Expenses
$3,505
Mortgage P&I
137%
$2,459
Property Taxes
23%
$420
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0