This property looks like a bad Mid-Term investment with a projected -8.21% first-year return on $113k initial cash invested.
-8.21%
Cash On Cash
4.47%
Cap Rate
0.72
DSCR
$3,190
Rent
-$770
Cashflow
Cash Flow
$3,190 income − $3,960 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,190
Total Expenses
$3,960
Mortgage P&I
73%
$2,317
Property Taxes
13%
$399
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351