This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $113k initial cash invested.
-3.35%
Cash On Cash
5.63%
Cap Rate
0.93
DSCR
$4,089
Rent
-$314
Cashflow
Cash Flow
$4,089 income − $4,403 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,089
Total Expenses
$4,403
Mortgage P&I
55%
$2,261
Property Taxes
14%
$586
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450