This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $112k initial cash invested.
-7.95%
Cash On Cash
5.16%
Cap Rate
0.76
DSCR
$3,717
Rent
-$745
Cashflow
Cash Flow
$3,717 income − $4,462 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,717
Total Expenses
$4,462
Mortgage P&I
68%
$2,529
Property Taxes
14%
$510
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409