This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $113k initial cash invested.
-8.45%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$3,795
Rent
-$792
Cashflow
Cash Flow
$3,795 income − $4,587 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,795
Total Expenses
$4,587
Mortgage P&I
61%
$2,300
Property Taxes
22%
$839
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417