This property looks like a bad Mid-Term investment with a projected -9.79% first-year return on $113k initial cash invested.
-9.79%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$2,919
Rent
-$918
Cashflow
Cash Flow
$2,919 income − $3,837 expenses = $918 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
$2,919
Total Expenses
$3,837
Mortgage P&I
84%
$2,460
Property Taxes
8%
$226
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321