This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $113k initial cash invested.
-11.21%
Cash On Cash
3.55%
Cap Rate
0.59
DSCR
$2,770
Rent
-$1,051
Cashflow
Cash Flow
$2,770 income − $3,821 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,770
Total Expenses
$3,821
Mortgage P&I
82%
$2,270
Property Taxes
16%
$451
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305