This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $112k initial cash invested.
-3.63%
Cash On Cash
5.75%
Cap Rate
0.92
DSCR
$3,940
Rent
-$340
Cashflow
Cash Flow
$3,940 income − $4,280 expenses = $340 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%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,940
Total Expenses
$4,280
Mortgage P&I
59%
$2,335
Property Taxes
11%
$448
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433