This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $94,479 initial cash invested.
-14.5%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$2,015
Rent
-$1,142
Cashflow
Cash Flow
$2,015 income − $3,157 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,015
Total Expenses
$3,157
Mortgage P&I
114%
$2,299
Property Taxes
9%
$175
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0