This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $94,500 initial cash invested.
-15.05%
Cash On Cash
3.87%
Cap Rate
0.57
DSCR
$2,197
Rent
-$1,185
Cashflow
Cash Flow
$2,197 income − $3,382 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,197
Total Expenses
$3,382
Mortgage P&I
115%
$2,527
Property Taxes
6%
$125
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0