This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $113k initial cash invested.
-4.73%
Cash On Cash
5.48%
Cap Rate
0.87
DSCR
$3,330
Rent
-$443
Cashflow
Cash Flow
$3,330 income − $3,773 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,330
Total Expenses
$3,773
Mortgage P&I
71%
$2,365
Property Taxes
4%
$118
Home Insurance
5%
$158
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366