This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $113k initial cash invested.
-6.59%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$3,270
Rent
-$618
Cashflow
Cash Flow
$3,270 income − $3,888 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$3,888
Mortgage P&I
74%
$2,417
Property Taxes
6%
$201
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360