This property looks like a bad Long-Term investment with a projected -13.32% first-year return on $94,500 initial cash invested.
-13.32%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$3,185
Rent
-$1,049
Cashflow
Cash Flow
$3,185 income − $4,234 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,500
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,185
Total Expenses
$4,234
Mortgage P&I
79%
$2,517
Property Taxes
23%
$732
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0