This property looks like a bad Mid-Term investment with a projected -12.16% first-year return on $113k initial cash invested.
-12.16%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$3,244
Rent
-$1,140
Cashflow
Cash Flow
$3,244 income − $4,384 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,244
Total Expenses
$4,384
Mortgage P&I
76%
$2,467
Property Taxes
20%
$656
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357