This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $113k initial cash invested.
-5.85%
Cash On Cash
5.42%
Cap Rate
0.84
DSCR
$3,816
Rent
-$549
Cashflow
Cash Flow
$3,816 income − $4,365 expenses = $549 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%
$90,060
Closing costs
1%
$4,503
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,816
Total Expenses
$4,365
Mortgage P&I
64%
$2,428
Property Taxes
13%
$478
Home Insurance
4%
$161
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420