This property looks like a bad Mid-Term investment with a projected -9.63% first-year return on $113k initial cash invested.
-9.63%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$3,003
Rent
-$903
Cashflow
Cash Flow
$3,003 income − $3,906 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,003
Total Expenses
$3,906
Mortgage P&I
83%
$2,503
Property Taxes
7%
$225
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330