This property looks like a bad Mid-Term investment with a projected -10.79% first-year return on $113k initial cash invested.
-10.79%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$2,612
Rent
-$1,012
Cashflow
Cash Flow
$2,612 income − $3,624 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,612
Total Expenses
$3,624
Mortgage P&I
92%
$2,413
Property Taxes
6%
$167
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287