This property looks like a bad Mid-Term investment with a projected -10.21% first-year return on $112k initial cash invested.
-10.21%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$3,242
Rent
-$957
Cashflow
Cash Flow
$3,242 income − $4,199 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$4,199
Mortgage P&I
74%
$2,394
Property Taxes
17%
$544
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357