This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $113k initial cash invested.
-5.2%
Cash On Cash
5.58%
Cap Rate
0.86
DSCR
$3,855
Rent
-$488
Cashflow
Cash Flow
$3,855 income − $4,343 expenses = $488 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%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$4,343
Mortgage P&I
63%
$2,429
Property Taxes
12%
$444
Home Insurance
4%
$159
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424