This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $112k initial cash invested.
-6.7%
Cash On Cash
4.92%
Cap Rate
0.79
DSCR
$3,232
Rent
-$628
Cashflow
Cash Flow
$3,232 income − $3,860 expenses = $628 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,960
Closing costs
1%
$4,498
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,232
Total Expenses
$3,860
Mortgage P&I
72%
$2,343
Property Taxes
8%
$257
Home Insurance
5%
$161
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356