This property looks like a bad Mid-Term investment with a projected -12.6% first-year return on $113k initial cash invested.
-12.6%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$2,038
Rent
-$1,181
Cashflow
Cash Flow
$2,038 income − $3,219 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,038
Total Expenses
$3,219
Mortgage P&I
113%
$2,305
Property Taxes
3%
$62
Home Insurance
8%
$158
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$224