This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $113k initial cash invested.
-9.42%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$3,116
Rent
-$883
Cashflow
Cash Flow
$3,116 income − $3,999 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,999
Mortgage P&I
76%
$2,359
Property Taxes
11%
$335
Home Insurance
5%
$158
HOA
3%
$87
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343