This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $112k initial cash invested.
-8.5%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$3,380
Rent
-$797
Cashflow
Cash Flow
$3,380 income − $4,177 expenses = $797 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
$3,380
Total Expenses
$4,177
Mortgage P&I
73%
$2,468
Property Taxes
12%
$390
Home Insurance
5%
$158
HOA
0%
$12
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372