This property looks like a bad Mid-Term investment with a projected -7.41% first-year return on $113k initial cash invested.
-7.41%
Cash On Cash
4.74%
Cap Rate
0.76
DSCR
$2,968
Rent
-$695
Cashflow
Cash Flow
$2,968 income − $3,663 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,968
Total Expenses
$3,663
Mortgage P&I
79%
$2,353
Property Taxes
5%
$143
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326