This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $112k initial cash invested.
-9.24%
Cash On Cash
4.23%
Cap Rate
0.68
DSCR
$3,207
Rent
-$866
Cashflow
Cash Flow
$3,207 income − $4,073 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,207
Total Expenses
$4,073
Mortgage P&I
72%
$2,324
Property Taxes
15%
$470
Home Insurance
5%
$158
HOA
1%
$31
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353