This property looks like a bad Long-Term investment with a projected -1.38% first-year return on $94,479 initial cash invested.
-1.38%
Cash On Cash
6.84%
Cap Rate
1.03
DSCR
$3,578
Rent
-$109
Cashflow
Cash Flow
$3,578 income − $3,687 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,578
Total Expenses
$3,687
Mortgage P&I
70%
$2,493
Property Taxes
3%
$105
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0