This property looks like a bad Long-Term investment with a projected -17.64% first-year return on $94,584 initial cash invested.
-17.64%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$2,162
Rent
-$1,390
Cashflow
Cash Flow
$2,162 income − $3,552 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,584
Downpayment
20%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$3,552
Mortgage P&I
114%
$2,465
Property Taxes
17%
$373
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0