This property looks like a bad Mid-Term investment with a projected -9.21% first-year return on $113k initial cash invested.
-9.21%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$2,852
Rent
-$863
Cashflow
Cash Flow
$2,852 income − $3,715 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,852
Total Expenses
$3,715
Mortgage P&I
86%
$2,451
Property Taxes
5%
$136
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314