This property looks like a bad Long-Term investment with a projected -18.87% first-year return on $94,500 initial cash invested.
-18.87%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$1,538
Rent
-$1,486
Cashflow
Cash Flow
$1,538 income − $3,024 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,538
Total Expenses
$3,024
Mortgage P&I
153%
$2,358
Property Taxes
7%
$108
Home Insurance
10%
$158
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0