This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $94,500 initial cash invested.
-13.51%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$2,273
Rent
-$1,064
Cashflow
Cash Flow
$2,273 income − $3,337 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,273
Total Expenses
$3,337
Mortgage P&I
101%
$2,302
Property Taxes
9%
$200
Home Insurance
7%
$158
HOA
4%
$86
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0