This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $94,584 initial cash invested.
-8.73%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$2,838
Rent
-$688
Cashflow
Cash Flow
$2,838 income − $3,526 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,584
Downpayment
20%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,838
Total Expenses
$3,526
Mortgage P&I
85%
$2,405
Property Taxes
8%
$223
Home Insurance
6%
$160
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0