This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $113k initial cash invested.
-4.19%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$4,212
Rent
-$393
Cashflow
Cash Flow
$4,212 income − $4,605 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,212
Total Expenses
$4,605
Mortgage P&I
57%
$2,422
Property Taxes
14%
$595
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463