This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $94,500 initial cash invested.
-17.35%
Cash On Cash
2.74%
Cap Rate
0.45
DSCR
$2,212
Rent
-$1,366
Cashflow
Cash Flow
$2,212 income − $3,578 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,212
Total Expenses
$3,578
Mortgage P&I
103%
$2,284
Property Taxes
25%
$560
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0