This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $112k initial cash invested.
-4.93%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$3,812
Rent
-$462
Cashflow
Cash Flow
$3,812 income − $4,274 expenses = $462 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%
$89,960
Closing costs
1%
$4,498
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$4,274
Mortgage P&I
64%
$2,442
Property Taxes
9%
$351
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419