This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $113k initial cash invested.
-2.7%
Cash On Cash
6.55%
Cap Rate
0.98
DSCR
$4,778
Rent
-$253
Cashflow
Cash Flow
$4,778 income − $5,031 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,778
Total Expenses
$5,031
Mortgage P&I
53%
$2,517
Property Taxes
15%
$732
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526