This property looks like a bad Mid-Term investment with a projected -1% first-year return on $112k initial cash invested.
-1%
Cash On Cash
6.78%
Cap Rate
1.03
DSCR
$4,251
Rent
-$94
Cashflow
Cash Flow
$4,251 income − $4,345 expenses = $94 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
$4,251
Total Expenses
$4,345
Mortgage P&I
58%
$2,467
Property Taxes
6%
$274
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468