This property looks like a bad Mid-Term investment with a projected -9.92% first-year return on $113k initial cash invested.
-9.92%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$3,064
Rent
-$930
Cashflow
Cash Flow
$3,064 income − $3,994 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,064
Total Expenses
$3,994
Mortgage P&I
80%
$2,465
Property Taxes
11%
$328
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337