This property looks like a bad Long-Term investment with a projected -17.54% first-year return on $94,395 initial cash invested.
-17.54%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$1,687
Rent
-$1,380
Cashflow
Cash Flow
$1,687 income − $3,067 expenses = $1,380 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,395
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,687
Total Expenses
$3,067
Mortgage P&I
139%
$2,346
Property Taxes
7%
$126
Home Insurance
9%
$157
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0