This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $112k initial cash invested.
-6.07%
Cash On Cash
5.15%
Cap Rate
0.82
DSCR
$3,380
Rent
-$569
Cashflow
Cash Flow
$3,380 income − $3,949 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,380
Total Expenses
$3,949
Mortgage P&I
70%
$2,364
Property Taxes
8%
$278
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372