This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $113k initial cash invested.
-5.36%
Cash On Cash
5.65%
Cap Rate
0.86
DSCR
$4,203
Rent
-$503
Cashflow
Cash Flow
$4,203 income − $4,706 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$4,706
Mortgage P&I
58%
$2,454
Property Taxes
16%
$666
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462