This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $94,479 initial cash invested.
-8.97%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$2,922
Rent
-$706
Cashflow
Cash Flow
$2,922 income − $3,628 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,922
Total Expenses
$3,628
Mortgage P&I
85%
$2,479
Property Taxes
8%
$232
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0