This property looks like a bad Mid-Term investment with a projected -9.85% first-year return on $112k initial cash invested.
-9.85%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$2,865
Rent
-$923
Cashflow
Cash Flow
$2,865 income − $3,788 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,865
Total Expenses
$3,788
Mortgage P&I
87%
$2,503
Property Taxes
5%
$153
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315