This property looks like a bad Mid-Term investment with a projected -13.58% first-year return on $113k initial cash invested.
-13.58%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$3,440
Rent
-$1,273
Cashflow
Cash Flow
$3,440 income − $4,713 expenses = $1,273 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,440
Total Expenses
$4,713
Mortgage P&I
70%
$2,422
Property Taxes
28%
$963
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378