This property looks like a bad Mid-Term investment with a projected -13.37% first-year return on $113k initial cash invested.
-13.37%
Cash On Cash
3.05%
Cap Rate
0.49
DSCR
$2,068
Rent
-$1,259
Cashflow
Cash Flow
$2,068 income − $3,327 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,500
Closing costs
1%
$4,525
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,068
Total Expenses
$3,327
Mortgage P&I
112%
$2,325
Property Taxes
6%
$127
Home Insurance
8%
$172
HOA
0%
$0
Property Management
12%
$248
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$227