This property looks like a bad Long-Term investment with a projected -21.88% first-year return on $94,563 initial cash invested.
-21.88%
Cash On Cash
2.33%
Cap Rate
0.35
DSCR
$2,237
Rent
-$1,724
Cashflow
Cash Flow
$2,237 income − $3,961 expenses = $1,724 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,563
Downpayment
20%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$3,961
Mortgage P&I
111%
$2,488
Property Taxes
33%
$732
Home Insurance
7%
$159
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0