This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $113k initial cash invested.
-8.62%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$3,180
Rent
-$808
Cashflow
Cash Flow
$3,180 income − $3,988 expenses = $808 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,180
Total Expenses
$3,988
Mortgage P&I
77%
$2,464
Property Taxes
7%
$213
Home Insurance
5%
$158
HOA
2%
$72
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350