This property looks like a bad Mid-Term investment with a projected -10.24% first-year return on $112k initial cash invested.
-10.24%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$2,530
Rent
-$959
Cashflow
Cash Flow
$2,530 income − $3,489 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,530
Total Expenses
$3,489
Mortgage P&I
93%
$2,346
Property Taxes
5%
$126
Home Insurance
6%
$157
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278