This property looks like a bad Mid-Term investment with a projected -10.44% first-year return on $113k initial cash invested.
-10.44%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$2,574
Rent
-$979
Cashflow
Cash Flow
$2,574 income − $3,553 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,574
Total Expenses
$3,553
Mortgage P&I
92%
$2,363
Property Taxes
6%
$157
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283