This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $112k initial cash invested.
-6.17%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$3,810
Rent
-$578
Cashflow
Cash Flow
$3,810 income − $4,388 expenses = $578 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%
$89,940
Closing costs
1%
$4,497
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,810
Total Expenses
$4,388
Mortgage P&I
63%
$2,409
Property Taxes
14%
$528
Home Insurance
4%
$157
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419