This property looks like a bad Long-Term investment with a projected -19.2% first-year return on $94,500 initial cash invested.
-19.2%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$1,847
Rent
-$1,512
Cashflow
Cash Flow
$1,847 income − $3,359 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,847
Total Expenses
$3,359
Mortgage P&I
123%
$2,270
Property Taxes
24%
$451
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0