This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $94,479 initial cash invested.
-17.85%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$2,242
Rent
-$1,405
Cashflow
Cash Flow
$2,242 income − $3,647 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,242
Total Expenses
$3,647
Mortgage P&I
110%
$2,464
Property Taxes
20%
$442
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0