This property looks like a bad Long-Term investment with a projected -15.43% first-year return on $94,437 initial cash invested.
-15.43%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,540
Rent
-$1,214
Cashflow
Cash Flow
$2,540 income − $3,754 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,437
Downpayment
20%
$89,940
Closing costs
1%
$4,497
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,540
Total Expenses
$3,754
Mortgage P&I
95%
$2,409
Property Taxes
21%
$528
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0