This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $94,500 initial cash invested.
-13.92%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$2,808
Rent
-$1,096
Cashflow
Cash Flow
$2,808 income − $3,904 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,808
Total Expenses
$3,904
Mortgage P&I
86%
$2,422
Property Taxes
21%
$595
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0