This property looks like a bad Long-Term investment with a projected -21.33% first-year return on $94,500 initial cash invested.
-21.33%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,163
Rent
-$1,680
Cashflow
Cash Flow
$2,163 income − $3,843 expenses = $1,680 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
$2,163
Total Expenses
$3,843
Mortgage P&I
114%
$2,467
Property Taxes
30%
$656
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0