This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $112k initial cash invested.
-3.27%
Cash On Cash
5.82%
Cap Rate
0.93
DSCR
$3,418
Rent
-$306
Cashflow
Cash Flow
$3,418 income − $3,724 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,900
Closing costs
1%
$4,495
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,418
Total Expenses
$3,724
Mortgage P&I
69%
$2,348
Property Taxes
2%
$56
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376