This property looks like a bad Long-Term investment with a projected -17.48% first-year return on $94,479 initial cash invested.
-17.48%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$1,857
Rent
-$1,376
Cashflow
Cash Flow
$1,857 income − $3,233 expenses = $1,376 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
$1,857
Total Expenses
$3,233
Mortgage P&I
132%
$2,460
Property Taxes
7%
$132
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0