This property looks like a bad Long-Term investment with a projected -18.4% first-year return on $94,500 initial cash invested.
-18.4%
Cash On Cash
2.8%
Cap Rate
0.44
DSCR
$1,741
Rent
-$1,449
Cashflow
Cash Flow
$1,741 income − $3,190 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,741
Total Expenses
$3,190
Mortgage P&I
139%
$2,413
Property Taxes
10%
$167
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0