This property looks like a bad Long-Term investment with a projected -15.93% first-year return on $94,479 initial cash invested.
-15.93%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,151
Rent
-$1,254
Cashflow
Cash Flow
$2,151 income − $3,405 expenses = $1,254 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
$2,151
Total Expenses
$3,405
Mortgage P&I
114%
$2,459
Property Taxes
11%
$228
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0