This property looks like a bad Long-Term investment with a projected -17.83% first-year return on $94,500 initial cash invested.
-17.83%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$1,946
Rent
-$1,404
Cashflow
Cash Flow
$1,946 income − $3,350 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,946
Total Expenses
$3,350
Mortgage P&I
126%
$2,460
Property Taxes
12%
$226
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0