This property looks like a bad Long-Term investment with a projected -16.99% first-year return on $94,500 initial cash invested.
-16.99%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$1,901
Rent
-$1,338
Cashflow
Cash Flow
$1,901 income − $3,239 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,901
Total Expenses
$3,239
Mortgage P&I
129%
$2,451
Property Taxes
7%
$136
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0