This property looks like a bad Mid-Term investment with a projected -11.96% first-year return on $112k initial cash invested.
-11.96%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,541
Rent
-$1,121
Cashflow
Cash Flow
$2,541 income − $3,662 expenses = $1,121 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,541
Total Expenses
$3,662
Mortgage P&I
98%
$2,483
Property Taxes
6%
$156
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280