This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $119k initial cash invested.
-5.39%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$3,807
Rent
-$532
Cashflow
Cash Flow
$3,807 income − $4,339 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$90,040
Closing costs
1%
$4,502
Rehab
0%
$0
Furnishing
5%
$24,000
Cashflow
Total Income
$3,807
Total Expenses
$4,339
Mortgage P&I
65%
$2,486
Property Taxes
11%
$401
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419