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This property looks like a bad Mid-Term investment with a projected -9.46% first-year return on $112k initial cash invested.
-9.46%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,996
Rent
-$887
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $3,883 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,996
Total Expenses
$3,883
Mortgage P&I
83%
$2,473
Property Taxes
8%
$232
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330