This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $94,479 initial cash invested.
-10.19%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$2,834
Rent
-$802
Cashflow
Cash Flow
$2,834 income − $3,636 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,479
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$3,636
Mortgage P&I
87%
$2,467
Property Taxes
10%
$274
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0