This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $94,500 initial cash invested.
-22.35%
Cash On Cash
1.65%
Cap Rate
0.27
DSCR
$1,330
Rent
-$1,760
Cashflow
Cash Flow
$1,330 income − $3,090 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,330
Total Expenses
$3,090
Mortgage P&I
174%
$2,311
Property Taxes
21%
$276
Home Insurance
12%
$158
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0