This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $94,479 initial cash invested.
-1.49%
Cash On Cash
6.97%
Cap Rate
1.04
DSCR
$4,446
Rent
-$117
Cashflow
Cash Flow
$4,446 income − $4,563 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,446
Total Expenses
$4,563
Mortgage P&I
56%
$2,508
Property Taxes
17%
$741
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$445
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0