This property looks like a bad Mid-Term investment with a projected -1.15% first-year return on $112k initial cash invested.
-1.15%
Cash On Cash
6.94%
Cap Rate
1.03
DSCR
$4,492
Rent
-$108
Cashflow
Cash Flow
$4,492 income − $4,600 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,492
Total Expenses
$4,600
Mortgage P&I
56%
$2,529
Property Taxes
9%
$385
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494