This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $113k initial cash invested.
-6.85%
Cash On Cash
5.53%
Cap Rate
0.81
DSCR
$3,742
Rent
-$642
Cashflow
Cash Flow
$3,742 income − $4,384 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,742
Total Expenses
$4,384
Mortgage P&I
69%
$2,565
Property Taxes
10%
$388
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412