This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $94,500 initial cash invested.
-12.67%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$2,220
Rent
-$998
Cashflow
Cash Flow
$2,220 income − $3,218 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,220
Total Expenses
$3,218
Mortgage P&I
107%
$2,365
Property Taxes
5%
$118
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0