This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $94,521 initial cash invested.
-11.34%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$2,945
Rent
-$893
Cashflow
Cash Flow
$2,945 income − $3,838 expenses = $893 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,521
Downpayment
20%
$90,020
Closing costs
1%
$4,501
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,945
Total Expenses
$3,838
Mortgage P&I
83%
$2,436
Property Taxes
16%
$479
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0