This property looks like a bad Mid-Term investment with a projected -12.37% first-year return on $113k initial cash invested.
-12.37%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,680
Rent
-$1,165
Cashflow
Cash Flow
$2,680 income − $3,845 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,460
Closing costs
1%
$4,523
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$3,845
Mortgage P&I
87%
$2,329
Property Taxes
16%
$442
Home Insurance
6%
$163
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295