This property looks like a bad Mid-Term investment with a projected -6.81% first-year return on $112k initial cash invested.
-6.81%
Cash On Cash
4.75%
Cap Rate
0.78
DSCR
$3,022
Rent
-$638
Cashflow
Cash Flow
$3,022 income − $3,660 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,022
Total Expenses
$3,660
Mortgage P&I
76%
$2,299
Property Taxes
6%
$175
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332