This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $112k initial cash invested.
-12.83%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,246
Rent
-$1,203
Cashflow
Cash Flow
$2,246 income − $3,449 expenses = $1,203 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
$2,246
Total Expenses
$3,449
Mortgage P&I
106%
$2,389
Property Taxes
6%
$138
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247