This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $113k initial cash invested.
-3.57%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$3,724
Rent
-$335
Cashflow
Cash Flow
$3,724 income − $4,059 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,724
Total Expenses
$4,059
Mortgage P&I
67%
$2,488
Property Taxes
4%
$146
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410