This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $113k initial cash invested.
-5.95%
Cash On Cash
5.27%
Cap Rate
0.83
DSCR
$3,578
Rent
-$558
Cashflow
Cash Flow
$3,578 income − $4,136 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,578
Total Expenses
$4,136
Mortgage P&I
67%
$2,393
Property Taxes
10%
$369
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394