This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $112k initial cash invested.
-9.03%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$3,363
Rent
-$846
Cashflow
Cash Flow
$3,363 income − $4,209 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,363
Total Expenses
$4,209
Mortgage P&I
73%
$2,464
Property Taxes
13%
$442
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370