This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $112k initial cash invested.
-4.42%
Cash On Cash
5.53%
Cap Rate
0.88
DSCR
$3,312
Rent
-$414
Cashflow
Cash Flow
$3,312 income − $3,726 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,986
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$3,726
Mortgage P&I
71%
$2,356
Property Taxes
3%
$88
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364