This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $113k initial cash invested.
-6.21%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$3,788
Rent
-$582
Cashflow
Cash Flow
$3,788 income − $4,370 expenses = $582 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
$3,788
Total Expenses
$4,370
Mortgage P&I
64%
$2,425
Property Taxes
8%
$295
Home Insurance
5%
$175
HOA
5%
$185
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417