This property looks like a bad Mid-Term investment with a projected -7.64% first-year return on $112k initial cash invested.
-7.64%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$3,226
Rent
-$716
Cashflow
Cash Flow
$3,226 income − $3,942 expenses = $716 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
$3,226
Total Expenses
$3,942
Mortgage P&I
76%
$2,459
Property Taxes
7%
$228
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355