This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $113k initial cash invested.
-2.74%
Cash On Cash
5.84%
Cap Rate
0.95
DSCR
$3,603
Rent
-$257
Cashflow
Cash Flow
$3,603 income − $3,860 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,603
Total Expenses
$3,860
Mortgage P&I
64%
$2,302
Property Taxes
5%
$176
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396