This property looks like a bad Long-Term investment with a projected -13.41% first-year return on $94,479 initial cash invested.
-13.41%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$2,649
Rent
-$1,056
Cashflow
Cash Flow
$2,649 income − $3,705 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,479
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,649
Total Expenses
$3,705
Mortgage P&I
92%
$2,429
Property Taxes
16%
$430
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0