This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $113k initial cash invested.
-5.57%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$3,614
Rent
-$522
Cashflow
Cash Flow
$3,614 income − $4,136 expenses = $522 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
$3,614
Total Expenses
$4,136
Mortgage P&I
69%
$2,476
Property Taxes
7%
$239
Home Insurance
4%
$158
HOA
1%
$33
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$108
Maintenance
4%
$145
Other
11%
$398