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This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $113k initial cash invested.
-10.55%
Cash On Cash
4.06%
Cap Rate
0.64
DSCR
$2,829
Rent
-$989
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,829 income − $3,818 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,829
Total Expenses
$3,818
Mortgage P&I
85%
$2,400
Property Taxes
11%
$299
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311