This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $94,458 initial cash invested.
-14.83%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$2,155
Rent
-$1,167
Cashflow
Cash Flow
$2,155 income − $3,322 expenses = $1,167 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,458
Downpayment
20%
$89,960
Closing costs
1%
$4,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,155
Total Expenses
$3,322
Mortgage P&I
109%
$2,343
Property Taxes
12%
$257
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0