This property looks like a bad Mid-Term investment with a projected -9.71% first-year return on $112k initial cash invested.
-9.71%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,786
Rent
-$910
Cashflow
Cash Flow
$2,786 income − $3,696 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$3,696
Mortgage P&I
88%
$2,460
Property Taxes
5%
$132
Home Insurance
6%
$158
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306