This property looks like a bad Mid-Term investment with a projected -12.71% first-year return on $112k initial cash invested.
-12.71%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$2,278
Rent
-$1,191
Cashflow
Cash Flow
$2,278 income − $3,469 expenses = $1,191 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,278
Total Expenses
$3,469
Mortgage P&I
105%
$2,392
Property Taxes
6%
$145
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251