This property looks like a bad Mid-Term investment with a projected -11.91% first-year return on $112k initial cash invested.
-11.91%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,511
Rent
-$1,116
Cashflow
Cash Flow
$2,511 income − $3,627 expenses = $1,116 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
$2,511
Total Expenses
$3,627
Mortgage P&I
99%
$2,491
Property Taxes
5%
$126
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276