This property looks like a bad Mid-Term investment with a projected -16.58% first-year return on $113k initial cash invested.
-16.58%
Cash On Cash
2.8%
Cap Rate
0.41
DSCR
$1,809
Rent
-$1,554
Cashflow
Cash Flow
$1,809 income − $3,363 expenses = $1,554 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,809
Total Expenses
$3,363
Mortgage P&I
140%
$2,531
Property Taxes
3%
$60
Home Insurance
9%
$158
HOA
0%
$0
Property Management
12%
$217
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$199