This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $113k initial cash invested.
-1.74%
Cash On Cash
6.63%
Cap Rate
1
DSCR
$3,852
Rent
-$163
Cashflow
Cash Flow
$3,852 income − $4,015 expenses = $163 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
$3,852
Total Expenses
$4,015
Mortgage P&I
65%
$2,496
Property Taxes
1%
$51
Home Insurance
4%
$158
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424