This property looks like a bad Mid-Term investment with a projected -15.52% first-year return on $113k initial cash invested.
-15.52%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,511
Rent
-$1,455
Cashflow
Cash Flow
$2,511 income − $3,966 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,511
Total Expenses
$3,966
Mortgage P&I
97%
$2,445
Property Taxes
20%
$511
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276