This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $112k initial cash invested.
-4.37%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$3,778
Rent
-$410
Cashflow
Cash Flow
$3,778 income − $4,188 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,778
Total Expenses
$4,188
Mortgage P&I
65%
$2,447
Property Taxes
8%
$299
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416