This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $112k initial cash invested.
-4.2%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$3,974
Rent
-$394
Cashflow
Cash Flow
$3,974 income − $4,368 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,974
Total Expenses
$4,368
Mortgage P&I
61%
$2,429
Property Taxes
11%
$430
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437