This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $113k initial cash invested.
-1.69%
Cash On Cash
6.55%
Cap Rate
1.01
DSCR
$4,418
Rent
-$158
Cashflow
Cash Flow
$4,418 income − $4,576 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,020
Closing costs
1%
$4,501
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,418
Total Expenses
$4,576
Mortgage P&I
55%
$2,436
Property Taxes
11%
$479
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$486