This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $112k initial cash invested.
-10.89%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$3,328
Rent
-$1,021
Cashflow
Cash Flow
$3,328 income − $4,349 expenses = $1,021 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
$3,328
Total Expenses
$4,349
Mortgage P&I
75%
$2,491
Property Taxes
17%
$569
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366