This property looks like a bad Mid-Term investment with a projected -9.06% first-year return on $113k initial cash invested.
-9.06%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$3,243
Rent
-$850
Cashflow
Cash Flow
$3,243 income − $4,093 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,080
Closing costs
1%
$4,504
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$4,093
Mortgage P&I
76%
$2,465
Property Taxes
12%
$373
Home Insurance
5%
$152
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357