This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $94,500 initial cash invested.
-10.21%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$2,568
Rent
-$804
Cashflow
Cash Flow
$2,568 income − $3,372 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,568
Total Expenses
$3,372
Mortgage P&I
97%
$2,496
Property Taxes
2%
$51
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0