This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $112k initial cash invested.
-4.97%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$3,638
Rent
-$466
Cashflow
Cash Flow
$3,638 income − $4,104 expenses = $466 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
$3,638
Total Expenses
$4,104
Mortgage P&I
63%
$2,307
Property Taxes
10%
$368
Home Insurance
4%
$158
HOA
1%
$33
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400