This property looks like a bad Mid-Term investment with a projected -8.67% first-year return on $113k initial cash invested.
-8.67%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$3,318
Rent
-$813
Cashflow
Cash Flow
$3,318 income − $4,131 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,318
Total Expenses
$4,131
Mortgage P&I
69%
$2,284
Property Taxes
17%
$560
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365