This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $113k initial cash invested.
-9.88%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,824
Rent
-$926
Cashflow
Cash Flow
$2,824 income − $3,750 expenses = $926 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
$2,824
Total Expenses
$3,750
Mortgage P&I
88%
$2,477
Property Taxes
5%
$154
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311