This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $112k initial cash invested.
-8.59%
Cash On Cash
4.42%
Cap Rate
0.71
DSCR
$3,120
Rent
-$805
Cashflow
Cash Flow
$3,120 income − $3,925 expenses = $805 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%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,120
Total Expenses
$3,925
Mortgage P&I
75%
$2,337
Property Taxes
12%
$369
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343