This property looks like a bad Mid-Term investment with a projected -13.28% first-year return on $113k initial cash invested.
-13.28%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$2,424
Rent
-$1,255
Cashflow
Cash Flow
$2,424 income − $3,679 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,424
Total Expenses
$3,679
Mortgage P&I
96%
$2,338
Property Taxes
14%
$350
Home Insurance
7%
$166
HOA
0%
$0
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267