This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $113k initial cash invested.
-5.27%
Cash On Cash
5.18%
Cap Rate
0.84
DSCR
$3,410
Rent
-$494
Cashflow
Cash Flow
$3,410 income − $3,904 expenses = $494 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
$3,410
Total Expenses
$3,904
Mortgage P&I
68%
$2,302
Property Taxes
6%
$200
Home Insurance
5%
$158
HOA
3%
$86
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375