This property looks like a bad Mid-Term investment with a projected -11.74% first-year return on $113k initial cash invested.
-11.74%
Cash On Cash
3.6%
Cap Rate
0.57
DSCR
$2,307
Rent
-$1,101
Cashflow
Cash Flow
$2,307 income − $3,408 expenses = $1,101 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,307
Total Expenses
$3,408
Mortgage P&I
102%
$2,358
Property Taxes
5%
$108
Home Insurance
7%
$158
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254