This property looks like a bad Mid-Term investment with a projected -15.23% first-year return on $113k initial cash invested.
-15.23%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$1,995
Rent
-$1,428
Cashflow
Cash Flow
$1,995 income − $3,423 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,995
Total Expenses
$3,423
Mortgage P&I
116%
$2,311
Property Taxes
14%
$276
Home Insurance
8%
$158
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219