This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $112k initial cash invested.
-8.49%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$2,940
Rent
-$796
Cashflow
Cash Flow
$2,940 income − $3,736 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,940
Total Expenses
$3,736
Mortgage P&I
78%
$2,291
Property Taxes
10%
$287
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323